U.S., China extend compliance date for TRQ dispute to May 29

The U.S. and China have agreed to extend the date by which China must implement a World Trade Organization ruling against its allocation of agricultural tariff-rate quotas to May 29, according to a WTO communication this week. “This extension will allow the United States additional time to evaluate China's compliance measures,” the communication, made public on Friday, says. The originally agreed “reasonable period of time” for China to implement the ruling expired at the end of 2019. The U.S. brought...