World Economy

China Challenges Latest US Tariffs at WTO

China Challenges Latest US Tariffs  at WTOChina Challenges Latest US Tariffs  at WTO

China is challenging the latest round of US tariffs against Chinese goods through the World Trade Organization, AP reported. The Chinese government on Monday formally requested “dispute consultations” with the United States over the Trump administration’s imposition of $16 billion in tariffs on Chinese goods last week. China has responded with similar taxes on US goods. Its request to the World Trade Organization opens a 60-day period for the two countries to hold talks. China already is holding talks with the US about its previous tariffs on both Chinese steel and aluminum products and over alleged Chinese violations of US intellectual property protections. All told, the administration is preparing tariffs on $200 billion in Chinese products. China has vowed to retaliate on American goods worth $60 billion. Separately, the US ambassador to the WTO, Dennis Shea, in an indirect warning, told a WTO body that the United States would not support the reappointment of Shree Baboo Chekitan Servansing as a member of the WTO’s appellate body, according to a transcript of his remarks in the closed-door session.

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