China may impose $3.58 billion in annual trade sanctions on U.S. - WTO panel

GENEVA (Reuters) - A World Trade Organization (WTO) panel said on Friday that China was entitled to slap compensatory sanctions on U.S. imports worth $3.579 billion (£2.76 billion) annually for the U.S. failure to remove anti-dumping duties - roughly half the amount China had sought.The decision came as the world's two biggest economies try to clinch Phase 1 of a trade deal. President Donald Trump and U.S. negotiators are "very optimistic" about concluding it, White House adviser Larry Kudlow..