US Triumphs As WTO Rules Against China’s Retaliatory Tariffs

IN FILE - A man walks near a sign of the World Trade Organization at the WTO headquarters on June 12, 2022. Three WTO experts agreed with the United States that China's tariffs violated the most favored nation rule of the trade body. According to Bloomberg, the 164 members of the WTO are required to treat one another fairly or provide trade concessions in return. FABRICE COFFRINI/AFP/GETTY IMAGES

The World Trade Organization (WTO) ruled China overstepped its trade agreements by imposing tariffs on $2.4 billion of U.S. goods.

On Wednesday, a trio of WTO specialists concurred with the U.S., stating China’s tariffs breached the organization’s “most favored nation” principle. This principle mandates the WTO’s 164 members to treat each other impartially or offer trade concessions as compensation, as Bloomberg reported.