Home Business News Trade war: US slaps fresh tariffs on Chinese goods

Trade war: US slaps fresh tariffs on Chinese goods

by Purvai Dua
23rd Aug 18 8:11 am

Escalating their trade war with China, Donald Trump’s administration has slapped a second wave of tariffs on $16bn worth of Chinese imports.

China’s Commerce Ministry has now hit back saying they “resolutely opposes” the latest tariffs and that Beijing will file a complaint to the World Trade Organization against the U.S.

“At the same time, to safeguard free trade and multilateral systems, and defend its own lawful interests, China will file suit regarding these tariff measures under the WTO dispute resolution mechanism,” it added.

President Donald Trump has threatened to put duties on almost all of the more than $500 billion of Chinese goods exported to the United States annually unless Beijing agrees to sweeping changes to its intellectual property practices, industrial subsidy programmes and tariff structures, and buys more U.S. goods.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]