India has lost a $7 billion WTO case against US. Meanwhile China has won its case with the WTO now allowing the Chinese to impose a $3.6 billion sanction on American goods. The verdict comes days after India and US officially suspended defense cooperation in what is now giving rise to a full-fledged India-US Trade War. India, meanwhile, is engaged in negotiations with China and Southeast Asian nations over a new RCEP Agreement seen by observers as a threat to India's Seed Sovereignty.
India loses $7 Billion WTO case against US
The U.S. won a case against India at the World Trade Organization alleging improper use of export subsidies valued at more than $7 billion, reported Bloomberg.
The WTO’s dispute-resolution panel agreed that “India gives prohibited subsidies to producers of steel products, pharmaceuticals, chemicals, information technology products, textiles, and apparel, to the detriment of America...
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