WTO Rules in Favor of U.S. over China Grain Subsidies
Chinese government over-subsidized country’s grain producers, artificially raising prices
World Trade Organization officials ruled earlier this week that the Chinese government over-subsidized the country’s grain producers, artificially raising Chinese prices for grain and reducing imports, reports the Tribune-Review.
The WTO’s panel report “is a significant victory for U.S. agriculture that will help American farmers compete on a more level playing field,” USDA officials said Thursday in a press release.
This dispute is the first to challenge China’s agricultural policies “that disregard WTO rules and shows that the United States will take whatever steps are necessary to enforce the rules and ensure free and fair trade for U.S. farmers, ranchers, workers, and businesses,” USDA officials said.
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