Magazine

Table: War of Words


WHAT THE U.S. SAYS

-- China is not living up to WTO promises on the importation of wheat and corn and is using a murky import licensing system to restrict U.S. grain imports.

-- Beijing is using non-WTO-compliant export subsidies to sell corn to South Korea, to the detriment of U.S. exports.

-- Beijing is violating the trade-related agreement on protection of intellectual property by letting counterfeiting continue.

WHAT CHINA SAYS

-- Higher U.S. tariffs on steel violate WTO rules and unfairly protect its steel industry. Beijing has filed a formal WTO complaint.

-- The U.S. has broken its free-trade pledge by introducing a large farm-subsidy package


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