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Gender: Male
Current location: New York
Member since: Fri Mar 6, 2020, 05:33 PM
Number of posts: 2,450

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U.S. Violated Trade Rules With Tariffs on China, WTO Says

Source: Bloomberg

The World Trade Organization undercut the main justification for President Donald Trump's trade war against China, saying that American tariffs on Chinese goods violate international rules.

A panel of three WTO trade experts on Tuesday said the U.S. broke global regulations when it imposed tariffs on Chinese goods in 2018. Washington has imposed levies on $400 billion in Chinese exports.

The panel said in its report "that the United States had not met its burden of demonstrating that the measures are provisionally justified."

While the ruling bolsters Beijing's claims, Washington can effectively veto the decision by lodging an appeal at any point in the next 60 days. That's because the Trump administration has already paralyzed the WTO's appellate body, a tactic that has rendered toothless the world's foremost arbiter of trade.

Read more: https://www.bloomberg.com/news/articles/2020-09-15/wto-rules-that-u-s-tariffs-on-china-violate-trade-rules-kf4189y0

Just heard this on a foreign news broadcast. Is this reported in the US cable news yet? Will Trump be required to respond or is this something that they can ignore again?

NY Gov. Andrew Cuomo had his daily COVID briefing updating NYers back in March and no one panicked

He kept calm and informative. Set out guidelines and let people know where the hard hit areas are. People stayed home and the curve was flattened and remained relatively good even now. Informing the public about COVID doesn't get people in a panic. Same thing happened literally around the world with other countries.

The one exception is Trump and he wanted to lie about COVID.

Did I just hear McConnell describe the Democratic proposal as "aspirational"?

Wasn't the defense for Trump for weeks that he is being aspirational?

MSM is missing the point about re-opening, it is used to lower the unemployment rate/claims

When your employer is opened (and your business owner doesn't have the excuse to remain closed), you have to go to work. If you refuse to go to work when your work place is opened, you do not qualify for unemployment. There is a specific questions when you apply for unemployment (or a few actually) that asks if you can go to work and if your work place is opened.

This move isn't just ignoring the people lives. But it's a specific move to lower the unemployment rate. They want to reject people's unemployment claims.

Looks like a second wave of layoff is starting

My dad just got the layoff notice after being placed on paid leave (using previously year saved leaves or sick leave) after 2 weeks. Bigger companies are starting to layoff people as the stay at home restriction continue and they can't keep people on payroll for much longer with no end in sight. Buckle up as it will continue to get worst.

Stay safe and stay healthy everyone!
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