The United States won a World Trade Organization ruling on China's price su...
A combine harvester harvests wheat on a field in Baoding, Hebei province, China June 17, 2018. REUTERS/Stringer
A WTO adjudication panel agreed on Thursday with the U.S. complaint that China had paid farmers too much for wheat, Indica rice and Japonica rice in 2012-2015. A disputed corn subsidy had already expired. The trade representative’s office filed the complaint in September 2016, saying China had paid farmers nearly $100 billion more than allowed by the WTO rules. That provided an artificial incentive for farmers to produce more, lowering prices worldwide.
China argued that it was not breaching that limit because only the grains procured by government should be counted as subsidised. The United States successfully argued that state buying at a guaranteed price raised the whole market.
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