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Thu, 14 Nov 2019 21:20 GMT

China Files Tariffs Complaint Against US with WTO

Business

7Dnews London

Mon, 02 Sep 2019 20:49 GMT

China said Monday, September 2nd, that it filed a complaint against the United States with the World Trade Organization (WTO), following further US calls to impose tariffs estimated at billions of dollars on Chinese goods.

The world's two biggest economies have been embroiled in a bruising year-long trade war which escalated further on Sunday when Washington moved ahead with fresh levy hikes, which Beijing had promised to match.

Washington escalated further on Sunday by imposing fresh tariffs on Chinese goods. China is expected to respond with similar tariffs.

"These American tariffs seriously violate the consensus reached by the leaders of our two countries in Osaka," Beijing's commerce ministry said, referring to trade discussions in the Japanese city in June.

"The Chinese side is strongly dissatisfied and resolutely opposed to that. In accordance with relevant WTO rules, China will firmly safeguard its legitimate rights and interests," the ministry added in a statement published on its website.

Washington's latest levies on imports from China took effect under a stepped-up high-pressure campaign aimed at compelling Beijing to sign a new trade deal.

Trump launched the trade war in March 2018, demanding China to end what he called "unfair" practices, such as technology transfers from US firms and subsidies given to Chinese companies.


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