China Files WTO Complaint About U.S. Tariffs
China has filed a complaint with the World Trade Organization about the Trump administration’s threatened import tariffs on $200 billion worth of Chinese goods.
#economics
China has filed a complaint with the World Trade Organization about the Trump administration’s threatened import tariffs on $200 billion worth of Chinese goods.
The 10% tariff, which was announced last week, targets 6,000 items and won’t go into effect until September or later. The levy follows a 25% tariff on $34 billion in Chinese goods that began on July 6.
China’s one-sentence statement about its unusually prompt complaint doesn’t indicate the country’s legal position in challenging the latest U.S. tax.
Last week, China criticized the previous-round U.S. tariffs as protectionist and bullying, putting them in violation of WTO rules about the U.S.’s most-favored-nation status as well as “the spirit and principles of international law.”RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.