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Obama administration defends handling of China trade

Written by Bobby

Since China joined the WTO, the United States has filed 20 WTO dispute cases against China, more than twice as many as any other WTO memberIn its final report before handing the reins over to President-elect Donald Trump, the Obama administration defended its handling of China trade disputes and its success in obliging Beijing to open its market further. The US Trade Representative said in its annual report to Congress that continued dialogue with China over trade disputes, backed up by formal complaints in the World Trade Organization when necessary, have yielded results for US companies, although “significant trade distortions” remain. China is now the second largest market for US goods exports, expanding 505 percent since joining the WTO in 2001, to $116 billion as of 2015, the report said.

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