Supreme Court sides with Trump

The Mercury - - BUSINESS REPORT | INTERNATIONAL -

THE US SUPREME Court sided with the Trump ad­min­is­tra­tion and against China yes­ter­day on a dis­puted as­pect of their fraught trade re­la­tion­ship, throw­ing out a lower court rul­ing that had al­lowed two Chinese vi­ta­min C mak­ers to es­cape $148 mil­lion (R1.97 bil­lion) in dam­ages for vi­o­lat­ing US an­titrust law. In a case that brought the trade con­flict be­tween the world’s two largest economies be­fore the top US court, the jus­tices ruled 9-0 that the lower court gave too much def­er­ence to Chinese govern­ment fil­ings in the case ex­plain­ing China’s reg­u­la­tory pol­icy. The jus­tices sent the case back for re­con­sid­er­a­tion by the New York-based Cir­cuit Court of Ap­peals, which in 2016 threw out the dam­ages won by two US vi­ta­min C buy­ers. – Reuters

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