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
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