US Challenges Retaliatory Tariffs Imposed By 5 WTO Members

Hua Chunying spokeswoman of China’s Foreign Ministry gestures at a regular news conference in Beijing China Jan. 6 2016

Hua Chunying spokeswoman of China’s Foreign Ministry gestures at a regular news conference in Beijing China Jan. 6 2016

Last week, US President Donald Trump imposed 25 percent tariffs on $34 billion of Chinese goods, in an attempt to narrow the trade deficit.

Donald Trump's administration has struck with custom duties the imports of the European Union, threatening to impose customs duties on auto imports from Europe in order to curb it.

China insists today that the trade war started by the United States is a clash between unilateralism and multilateralism, as well as between power and norms.

"The Chinese tilapia industry is heavily dependent on the USA market". "We are all aware that the world's architecture is changing before our eyes, " Mr. Tusk said, reminding that "the world we have built for decades has brought peace to Europe, growth to China and an end of the cold war".

Consequent to China's imposition of tariffs of 25 percent on soybean imports from the USA, several large Chinese companies have begun sourcing those agricultural products from other countries, he noted. China and the United States had already exchanged 25 per cent tariffs on US$34 billion of each other's goods.

The seventh World Trade Organization (WTO) review of China's trade policies, held in Geneva, was a complete success, a Chinese commerce official said Thursday.

Thai soccer team mourns Navy SEAL
Harris praised the children and the Thai Navy SEAL divers during a FaceTime call with Australian Prime Minister Malcolm Turnbull. At home we must thank our families for dealing with the media and the worry we caused them (they are used to the latter I fear).

The US unilaterally launched a Section 301 investigation against China a year ago despite opposition from China and the worldwide community. The U.S. sighted "unfair trade practices" and China's theft of intellectual property as the reasons for these sanctions. The U.S. has said its tariffs were imposed on grounds of national security, saying it needs to strengthen its own steel and aluminum industry to ensure supplies to its military and infrastructure. If the winning party does not import same-sector goods, then you see if there are other goods covered by the WTO tariff schedule for that generic type of goods available for retaliatory tariffs.

"This is short term and the President hopes to open up a number of different markets", White House press secretary Sarah Sanders said Wednesday, echoing Treasury Secretary Steven Mnuchin, who argued earlier this month that the United States is not in a trade war.

"If it [the trade war] continues, we will have to move our markets in other directions", said a company representative surnamed Xie.

From the National Association of Farm Broadcasting News Service. "We have a lot of direct investment in the United States of America; we have a lot of direct investment in China". But the larger question is why are the national governments in the era of globalization resorting to protectionism?

"Relying more on fiscal policy to support domestic demand and defray the costs of the trade war is the wiser choice".

The MOC spokesperson Gao Feng said the USA move violated the WTO principle about most-favored-nation treatment and binding tariff obligations, at a press conference.

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