OREANDA-NEWS. China is seeking US $ 2.4 billion in retaliation for non-compliance with World Trade Organization (WTO) regulations imposed by the United States. This was reported on Monday by the Chinese News Agency, citing a document published by the WTO.

"In response to the continued United States inconsistency with the recommendations and rules of the Dispute Resolution Authority (ODP), China is requesting ODS permission to suspend concessions and related obligations for an annual amount of $ 2.4 billion," the document said.

According to Reuters, the United States may face sanctions from the PRC if they do not cancel tariffs for solar panels, wind turbine towers, steel cylinders and aluminum profiles. The agency notes that the dispute began during the administration of Barack Obama. The next meeting of the WTO Dispute Resolution Authority, which will consider the issue, will be held on October 28.

Recall that on July 6, 2018, US duties of 25% on imports of Chinese goods worth $ 34 billion began to apply. Shortly after that, Beijing introduced retaliatory duties on US goods for a similar amount.