The U.S. recently filed a complaint to the World Trade Organization accusing China of unfairly subsidizing a number of industries. China’s minister of commerce, Gao Hucheng, called the complaint groundless, suggesting the action was part of a rising tide of protectionism, an article from the Wall Street Journal explains.
The latest complaint follows from a long stride of trade disputes, which the U.S. opened last month. The complaints focused on the country’s broad program to subsidize export businesses ranging from textiles to seafood. American officials requested consultations with China over the subsidy program, which gives Chinese companies small but crucial advantages in exports, conflicting with the rules of the World Trade Organization.
“China always respects the WTO rules…and we will appropriately handle the case through the WTO dispute settlement mechanism,” Mr. Hucheng said.