Amid new tensions with China, the Obama administration on Thursday launched its 15th challenge against Beijing at the Word Trade Organization, escalating a long-simmering debate over practices that U.S. officials say limit American farmers’ ability to export rice, wheat and corn to the Asian powerhouse.
The administration says it is trying to hold China to its commitment to allow set quantities of grain and corn to enter the country subject to a lower tariff rate. China agreed to the terms when it joined the WTO, the administration said in a statement announcing new the complaint.
Exporters at times voice concerns that countries make it difficult to gain entry at the lower tariff rates. U.S. trade officials describe China’s system as “not transparent, predictable or fair.”| | | Next → |