China lodges WTO complaint on USA solar tariffs

18 August, 2018, 02:10 | Author: Mary Valdez
  • Hershey Kisses

The United States and China have slapped tit-for-tat tariffs on tens of billions of dollars worth of goods from each country, with another round of levies scheduled to being next week.

The White House announced plans for "safeguard tariffs" over four years in January, starting at 30 per cent and incrementally falling to 15 per cent.

After the application of these first taxes, China responded with a package of tariff countermeasures of equal weight to products of the North American nation.

On the other hand, China recently asked the United States to treat investors of the Asian giant objectively and precisely with regard to the recently signed the Foreign Investment Risk Review Modernization Act. The rest came up with various responses, including a refocus on development of the domestic economy, building other export markets, while 8 (or 16 percent) said they had no idea what the government should do. China filed a complaint with the WTO to help determine the legality of the USA policies, saying they not only harm China's rights but also undermine the WTO's authority, according to Reuters.

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We urge the USA side to take practical actions, respect the rules of the WTO and abandon its erroneous measures to return to the normal trade of the related products, he said. Beijing says it will retaliate.

"Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the disgusting and unfair Trade Deals that I inherited as your President", Mr. Trump tweeted.

But so far, he has yet to finalize any trade deals. The U.S. president has recently threatened more tariffs on Canada's auto industry. The Trump administration put out an announcement in March saying an agreement with South Korea had been reached "in principle".

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