Europe and the United States bring lawsuits to WTO on China's export restrictions on industrial raw materials

June 23, the United States and the EU jointly filed a lawsuit against the WTO, accusing China of 9 kinds of industrial raw materials to take restrictive export measures, the 9 kinds of industrial raw materials are: bauxite, coke, fluorine stone, magnesium, diamond, silicon metal, yellow phosphorus and zinc. It was the first time the U.S. sued China for the WTO since he became president in January. The United States and the European Union say China's restrictive export practices distort global market competition, make global prices rise, and Chinese companies gain relatively cheap raw materials, damaging the interests of U.S. and European steel, microchips, aircraft and other related manufacturers, and will have a negative impact on the US and Europe from the economic crisis, U.S. officials say the volume of trade affected by the impact amounted to $ billions of trillion. Although China announced on June 22 that it would lower export taxes on a range of industrial raw materials, U.S. trade officials said the tax cuts did not affect the remaining 8 of raw materials except yellow phosphorus. The US and Europe are also hoping to resolve the trade dispute with China during the normal WTO negotiations, rather than following the failure of the 60-day consultation, to move on to the next stage, after the WTO panel hears the lawsuit, to determine whether the trade rules are violated.