China Commerce Ministry: US solar tariffs violate trade rules, lodges WTO complaint

Dhwani Mehta FXStreet

China’s Commerce Ministry issued a statement late-Tuesday, citing that the US’ decision to subsidies its renewable energy companies and impose tariffs on imported products has seriously violated the global market and harmed China’s interests, Reuters reports.

The statement read: “As the U.S. violations have severely distorted the global market for products like photovoltaic and seriously damaged China’s trade interests, China’s use of the WTO dispute settlement mechanism is a necessary measure to safeguard its legitimate rights and interests and maintain multilateral trade rules.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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