China on Monday lambasted a WTO ruling in a row with the US over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and dangerous.”
A WTO panel handed a victory to the US earlier this month, rejecting all four of China’s claims and saying that the US measures did not breach global trade rules.
China last week said that it would appeal the decision.
At the private meeting, China’s delegate expressed “deep concern with the systematically harmful findings made by the panel report,” a statement released by the Chinese delegation said.
“The erroneous and dangerous signal sent by this panel report to WTO members will lead to the abuse of safeguard measures and thus seriously undermine the rules-based multilateral trading system,” the statement said, adding that the ruling could encourage protectionism.
The US in 2018 imposed tariffs and a quota after US producers complained that imports of some crystalline silicon photovoltaic cells posed a risk to the US domestic industry.
The “safeguard” measures are due to be in place for four years, with annual reductions in the duty rates from an initial 30 percent.
The duties have applied to solar modules and, beyond a set quota, to solar cells.
China’s appeal will have no immediate effect, as the top WTO dispute settlement body does not have enough judges to function.
That is because the administration of former US president Donald Trump blocked judge appointments to the body and paralyzed its functions.
“The United States is disappointed that China has now decided to press onward by appealing the panel report in spite of overwhelming evidence of the damaging effects of China’s non-market practices,” the US delegate said at the meeting.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
The global server market is expected to grow 12.8 percent annually this year, with artificial intelligence (AI) servers projected to account for 16.5 percent, driven by continued investment in AI infrastructure by major cloud service providers (CSPs), market researcher TrendForce Corp (集邦科技) said yesterday. Global AI server shipments this year are expected to increase 28 percent year-on-year to more than 2.7 million units, driven by sustained demand from CSPs and government sovereign cloud projects, TrendForce analyst Frank Kung (龔明德) told the Taipei Times. Demand for GPU-based AI servers, including Nvidia Corp’s GB and Vera Rubin rack systems, is expected to remain high,
RSS