|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

China to File Another WTO Complaint after US Imposes Further Tariffs

BEIJING – China announced on Thursday it will file another formal complaint to the World Trade Organization after the United States formally imposed 25 percent tariffs on various Chinese goods valued at $16 billion.

In a statement released Thursday, the Chinese Ministry of Commerce said Beijing strongly opposes the move, adding that the decision of US President Donald Trump’s administration goes against the principles of the WTO.

Beijing responded with countermeasures matching the US move.

Chinese authorities, who already submitted several complaints to the WTO against Trump’s protectionist measures last July, insisted on their need to safeguard free trade and multilateral mechanisms as well as their legitimate rights and interests.

US Customs officially began levying the taxes at midnight on a total of 279 products, including certain types of lubricants, flexible plastic tubes and air conditioners, among others.

This is the second round of additional tariffs imposed on Chinese products and adds to those that entered into force on July 6 on Chinese imports valued at $34 billion, adding a total package of $50 billion.

In recent months trade talks between Washington and Beijing have been unable to prevent tariffs imposed by the US, to which China has responded with similar measures.

This new episode in the trade war between the world’s two largest economies could make negotiations scheduled for next week even more difficult.

A Chinese delegation of second-level authorities had met in Washington with a Trump team Wednesday and the meeting is expected to continue Thursday as well, although no details have been provided as yet.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved