
I read about this WTO ruling against China earlier this week and was meaning to blog about it.
The decision announced today by the World Trade Organization (WTO) is a huge victory for American workers. In clear and unequivocal language, the WTO stated that China’s decision to limit the export of key raw materials violated the commitments China made when it joined the WTO.
People don’t realize how protective an economy China really is. They manipulate their currency and restrict imports. In this case China restricted exports of raw materials because it went against their national economic interests.
