The World Trade Organisation on Friday allowed China to levy US$3.6 billion worth of punitive tariffs on US goods in an anti-dumping dispute Beijing brought against Washington in 2013.
The WTO’s authorisation amounts to about half of what China was seeking in the dispute, which questioned how the US government calculates the value of damages caused by other countries alleged to be dumping products in American markets. Dumping occurs when producers export a product to another country at a price below the domestic price.