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China makes WTO complaint against Washington tariffs
27 August 2018 09:09 PM
27 August 2018 09:09 PM
Direct: China filed a complaint to the World Trade Organization against the recent tariff approved by US President Donald Trump on imports of Beijing, in a new escalation of trade impasse between the two biggest economies in the world.
The World Trade Organization (WTO) said on Monday that China had asked it to conduct consultations on the dispute with the United States over its additional tariffs on imports of Chinese goods.
According to the organization, China claims that the additional tariffs applied to China's annual imports worth 16 billion dollars contradict with the provisions of the General Agreement on Trade and Tariffs of the Organization.
Beijing's complaint against Washington means the dispute must be resolved within 60 days or the case will be sent to the WTO dispute settlement body.
The nine countries submitted individual complaints to the World Trade Organization during the last period and most recently Turkey, against the same reason , a Trump definitions.
By 5:29 pm GMT, the Chinese yuan against the dollar fell marginally by 0.07% to record the US paper 6.8156 yuan.
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