Tuesday, November 12, 2019

Trade War : Beijing moves to WTO against new US tariffs on Chinese goods

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Beijing, Sep 3: China has on Monday said it had moved to the World Trade Organization (WTO) against the United States, a day after President Donald Trump slapped Beijing with new tariffs on billions of dollars worth Chinese imports.

The Chinese commerce ministry said, “These American tariffs seriously violate the consensus reached by the leaders of our two countries in Osaka,” in reference to the June trade negotiations held in a Japanese province.

“The Chinese side is strongly dissatisfied and resolutely opposed to that.”

In line with relevant WTO laws, Beijing is expected to firmly secure its legitimate interests and rights, “the ministry added in a statement published on its website”, according to Dawn news reports.

America’s latest duties over billions of dollars worth Chinese good took place under the Trump administration’s stepped-up high-pressure campaign focused at engrossing China to ink a new trade pact.

The Chinese government has stated it would attempt to retaliate the US move by targeting $75 billion worth US imports, starting in session on September 1.


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