Today’s News: WTO Rules in Favor of US in Trade Dispute with China
“The U.S. has won cases on intellectual property rights that would further open China's financial services market and it continues to press Beijing to ease export restrictions on rare earth materials needed for electronics such as cell phones. Obama also created a new interagency trade enforcement unit to investigate and file more trade cases, against China or other nations that don't comply with global trade rules.”
“The Obama administration will not stand by and allow China to break international trade rules…Today we are again plainly stating that we will continue to take every step necessary to ensure that China plays by the rules and does not unfairly restrict exports of US products.”