China is preparing a massive trade lawsuit against the US

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Back in October, Joseph Biden took a series of measures to ban the supply of chips and equipment for their production from the United States to China. This decision had a huge negative impact on the global the economy, and Beijing plans to file a trade lawsuit against Washington through the WTO.

Western companies, relying on production in China, have invested billions of dollars in their enterprises in this country. Capacities continue to function, but over time, the lack of chips will make itself felt, and factories will lose their former value.



China itself found itself in a situation of shortage of equipment for the high-tech industry. Attempts to localize the production of chips have not yet led to noticeable success - China will be able to produce its own devices only in a few years. Beijing's investment in microelectronics in the amount of about $143 billion will play a significant role in this.

China is going to challenge Washington's decision by filing a large-scale trade lawsuit in the WTO against the United States. So far, the United States has shied away from responding to China within this organization, arguing that such measures concern the national security of the States.

Previously, the Chinese side won various trade claims against the Americans, but this time it is difficult to predict the outcome of the case. In the current geopolitical situation, the US exit from the WTO is not ruled out.
5 comments
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  1. Bakht
    Bakht
    +1
    14 December 2022 15: 36
    The WTO does not have a Court of Appeal. The states blocked his work two years ago. Most likely, the decisions of the WTO at this stage do not have any force. Suppose China wins the process. Or lose. And how to implement this decision? An appeal cannot be made.
  2. prior
    prior
    +2
    14 December 2022 16: 50
    All international, created with the participation of the Americans, are now "pocket" for them. They are all "agents" of American influence.
    What we do in them, I sincerely do not understand.
    You can apply to the Court of Appeal, but you can never win the court.
    Friendship with America always ends the same way.
    A little earlier, Europe stepped on this "rake", today China.
  3. Shamil Rasmukhambetov
    Shamil Rasmukhambetov
    +1
    14 December 2022 17: 40
    Yes, the Americans have long put on all this big and long, we are still clinging to these drowners.
  4. Alex D
    Alex D
    0
    15 December 2022 07: 27
    Quote: Shamil Rasmukhambetov
    Yes, the Americans have long put on all this big and long, we are still clinging to these drowners.

    Foreign agents cling to power, but the country does not need the WTO, because. nothing is possible to shake off the NATO bloc without the use of force. It is they who are strangling Russia, because. people allow.
  5. Peace Peace.
    Peace Peace.
    +1
    16 December 2022 01: 28
    If this is another "Big Big Chinese Warning", then nothing will change.