China Plans WTO case against US over Trump's 10 percent Tariff on Chinese merchandise
The move includes a 25% tariff on Canadian and Mexican goods and a 10% levy on Chinese imports, set to take effect on Tuesday.
China has announced plans to challenge the latest US tariffs through the World Trade Organization (WTO), according to a statement from the Chinese commerce ministry on Sunday.
“The imposition of tariffs by the US seriously violates WTO rules,” the ministry stated, urging Washington to “engage in frank dialogue and strengthen cooperation” instead of escalating trade tensions.
US President Donald Trump has ordered 25% tariffs on Canadian and Mexican imports, along with a 10% tariff on goods from China. These tariffs, set to take effect on Tuesday, will reportedly remain in place until the national emergency surrounding fentanyl and illegal immigration is resolved.
The move has sparked widespread reaction, with various stakeholders expressing concerns about the potential impact on trade relationships and the economy.
Reactions from affected countries:
– Canada: Prime Minister Justin Trudeau has announced retaliatory measures, imposing 25% tariffs on various US goods.
– Mexico: President Claudia Sheinbaum has ordered retaliatory tariffs and other non-tariff measures, calling for dialogue with the US.
– China: The Chinese Foreign Ministry has vowed to take “necessary countermeasures” against the US tariffs, stating that “fentanyl is America’s problem” and emphasizing that “there are no winners in trade wars.”
Economists have warned that these tariffs could trigger a new trade war, potentially slowing global economic growth and fuelling inflation.
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