11/09/18

Stock Futures Drop As China Asks WTO To Approve US Trade Sanctions



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Stock Futures Drop As China Asks WTO To Approve US Trade Sanctions
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"Shape up" indeed...

Just weeks after China filed a complaint with the WTO over the US's Section 201 tariffs on solar panel imports (which Trump imposed back in January, months before the US-China trade spat began in earnest), China is apparently turning up the pressure by asking the WTO for permission to allow countries to impose sanctions against the US over its alleged noncompliance with a 2013 anti-dumping ruling, according to Reuters, which cited a WTO meeting agenda.

The news sent US equity futures tumbling...

  • *CHINA TO ASK WTO TO AUTHORIZE TRADE SANCTIONS ON U.S: RTRS
  • *CHINA REQUEST FOR SANCTIONS RELATES TO '13 DUMPING DISPUTE:RTRS

As one analyst points out, this is ....

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