China lodges WTO trade complaint against US

Published September 3, 2019
China said on Monday it had lodged a complaint against the United States with the World Trade Organisation (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. — AFP/File
China said on Monday it had lodged a complaint against the United States with the World Trade Organisation (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. — AFP/File

BEIJING: China said on Monday it had lodged a complaint against the United States with the World Trade Organisation (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force.

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.

“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.

President Donald Trump launched his trade war in March 2018, demanding that China end practices widely seen as unfair, such as forced technology transfers from US firms and the massive subsidies given to Chinese enterprises. The additional 15pc tariffs affected a portion of the $300bn in goods from China that so far had been spared.

Beijing has said it would retaliate by targeting $75 billion in US goods, beginning in part on September 1.

Published in Dawn, September 3rd, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.
Concerning measures
Updated 03 Nov, 2024

Concerning measures

The govt must seek political input and consensus on the changes it is seeking to make and be open about its intentions.
Short-lived relief?
03 Nov, 2024

Short-lived relief?

POLICYMAKERS must be jumping with joy. At the close of the first quarter of FY25, the budget posted a consolidated...
Brisk spread
03 Nov, 2024

Brisk spread

THE surge in polio cases has reached distressing levels with a tally of 45 last reported, after two cases emerged in...