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Both sides accused each other of hypocrisy. Shea said the WTO should throw out a lawsuit brought by China, along with those brought by the European Union, Canada, Mexico, Norway, Russia and Turkey, because WTO rules allowed exceptions for actions taken for national security concerns. “Some (WTO) members have expressed concerns that invoking the national security exception in these circumstances would undermine the international trading system. This is erroneous, and completely backwards,” Shea said, according to a copy of his remarks provided to Reuters turn buttons into cufflinks uk sale.

“Rather, what threatens the international trading system is that China is attempting to use the WTO dispute settlement system to prevent any action by any Member to address its unfair, trade-distorting policies.”. The United States also triggered its own litigation to contest retaliatory measures by Canada, Mexico, China and the EU, which say Trump’s metal tariffs are thinly disguised U.S. protectionism turn buttons into cufflinks uk sale. “The United States cannot abide this level of hypocrisy,” a second U.S. official told the meeting..

In response to the U.S. intellectual property complaint, China’s representative highlighted the fact that the WTO still had several unresolved disputes on its books, including a 2004 ruling against a U.S. violation of the WTO’s agreement on trade related aspects of intellectual property (TRIPS). At the same time, the United States was suggesting its intellectual property protection was supreme turn buttons into cufflinks uk sale. “That claim itself lacks the credibility given the simple fact that the U.S. has deliberately delayed the implementation in this case for more than 14 years,” the Chinese official said..

“China has fully complied with the TRIPS agreement while the U.S. has not. And we believe that until the U.S. faithfully and entirely honors its TRIPS obligations, the comparison suggested by the U.S. is clearly without the legal benchmark.” turn buttons into cufflinks uk sale. The Chinese official said the United States had failed to back up its “unfounded” claims about China’s economy, which it was using to disguise its own violations of the WTO rulebook. “The statement made by the U.S. reeks of hypocrisy,” the official said..

(Reuters) – Apple Inc’s biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces “a very difficult and competitive year”, Bloomberg reported on Wednesday, citing an internal memo. The Taiwan-based producer said in a statement it was conducting a regular annual review to budget effectively for 2019, but it was also the latest to point to concerns over demand for Apple’s flagship devices. Shares in Apple, at the heart of this week’s brutal sell-off on Wall Street, were up 1.2 percent at $179.13 in a broadly steadier market turn buttons into cufflinks uk sale.