The USTR, in what might be one of its last major actions, has been successful in having the WTO set up a panel to look at Chinese export restrictions on 11 raw materials. Implementation of the complaint will be complicated by President-Elect Trump’s commitment to restructure trade policy execution. Trade trends support the complaint. Panjiva data shows China’s exports of the products fell 39% in September vs. August, while exports to the U.S. fell 24% in the first nine months of 2016 vs. a year earlier. U.S. imports increased 2% in September, but relied on growth in supplies from Chile a...
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