Amid overall positive trade headlines, Nikkei came out with the news story that China is seeking $2.4 billion in retaliatory sanctions against the United States (US) for failing to comply with a World Trade Organization (WTO) ruling. Key quotes “The WTO’s Dispute Settlement Body (DSB) will review the case which dates back to the Obama-era on Oct. 28, a document published on Monday showed.” “WTO appeals judges said in July the United States did not fully comply with a trade body ruling about tariffs it put on Chinese solar panels, wind towers, and steel cylinders. They said Beijing could impose retaliatory sanctions if Washington did not remove them.” “Washington has challenged the validity of the WTO ruling and could dispute the $2.4 billion in retaliatory sanctions, sending the matter to arbitration.” FX implications While major market sentiment is looking for the US-China trade deal, the news fails to defy optimists. However, the US reaction to the news and any more developments on this front could spoil the trade positive sentiment, which in turn can drag Antipodeans down. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ShapeShift CEO Erik Voorhees calls the US Federal debt the “biggest financial bubble” FX Street 3 years Amid overall positive trade headlines, Nikkei came out with the news story that China is seeking $2.4 billion in retaliatory sanctions against the United States (US) for failing to comply with a World Trade Organization (WTO) ruling. Key quotes "The WTO's Dispute Settlement Body (DSB) will review the case which dates back to the Obama-era on Oct. 28, a document published on Monday showed." "WTO appeals judges said in July the United States did not fully comply with a trade body ruling about tariffs it put on Chinese solar panels, wind towers, and steel cylinders. They said Beijing could impose… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
