China requests compliance panel in ag TRQ dispute as U.S. eyes retaliation

The U.S. on Thursday asked the World Trade Organization to approve retaliatory measures against China for failing to comply with a panel ruling on Beijing’s administration of agricultural tariff-rate quotas, prompting China to request a compliance panel in the case. The U.S., in a communication sent to the WTO Dispute Settlement Body on Thursday, said it was entitled to take “countermeasures” -- including the suspension of most-favored-nation obligations -- because China has failed to comply with DSB’s recommendations. “The United...