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Wednesday, September 4, 2019

China Hits Back at New US Tariffs with WTO Complaint

China is challenging the latest round of U.S. tariffs targeting $110 billion in Chinese goods that took effect over the weekend, in a new complaint filed at the World Trade Organization (WTO).

The U.S. asserts that the duties, which it imposed over alleged Chinese theft of U.S. intellectual property, are not subject to review by WTO – but China repeatedly rejected that assertion.

In a statement, the Chinese Commerce Ministry said the U.S. reneged on an agreement not to impose new tariffs that was reached at the June G20 summit in Osaka, Japan. That, in turn, prompted China to lodge the complaint at WTO, the ministry said.

The U.S. and China have 60 days to resolve the dispute. If they are unable to reach a mutually agreed solution China could then request the establishment of a WTO dispute panel to adjudicate the matter.