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

Elections in India
21 Apr, 2024

Elections in India

INDIA’S mammoth multi-stage elections have begun and the popular issues gripping the voters this time are...
IHC letter
21 Apr, 2024

IHC letter

THIS is a historic opportunity for the judiciary to define its institutional boundaries. It must not be squandered....
Olympic preparations
21 Apr, 2024

Olympic preparations

THIS past week marked the beginning of the 100-day countdown to the Paris Olympics, with the symbolic torch-lighting...
Isfahan strikes
Updated 20 Apr, 2024

Isfahan strikes

True de-escalation means Israel must start behaving like a normal state, not a rogue nation that threatens the entire region.
President’s speech
20 Apr, 2024

President’s speech

PRESIDENT Asif Ali Zardari seems to have managed to hit all the right notes in his address to the joint sitting of...
Karachi terror
20 Apr, 2024

Karachi terror

IS urban terrorism returning to Karachi? Yesterday’s deplorable suicide bombing attack on a van carrying five...