The recent WTO Panel Report has stated that USA has broken its rule while imposing tariff under Section 301 of Trade Act 1974 in USA- China Trade War. USA has the option to file an appeal in the defunct WTO DSB Appellate Body to fight out this current ruling. Such a move would tactically maintain the status quo but it will bring the question of challenging sovereign power of US senate in this election year in the background of current geopolitical tensions. Similar situation was the major reason for BREXIT. If USA does not appeal in WTO DSB and parallelly fails to implement panel decision, it will amount to the violation of Trade body’s decision. This could be equated with China’s behaviour in implementing the judgement of International Court of Justice (ICJ) in the South China Sea issue. Considering the fact that USA has been expressing displeasure on several international organizations, the current scenario will further deteriorate its relation with WTO. Most of the countrie
Trade Policy Strategist