Mises Daily
Author:
Grant M. Nülle
Online Publish Date:
Normally forbidden by the trade organization’s rules, Beijing’s protocol of Accession to the WTO permits member states to apply trade restrictions against would otherwise be permitted (7.5%) under the safeguards provision of China’s WTO Accession. Beginning in June Beijing also imposed “voluntary” export taxes of as much many as 250m Chinese consumers of European luxury goods. A substantial market is opening up for goods possessing the quality, precision and care that Europe’s luxury