China to challenge US tariffs at WTO amid Trump’s 10% tariff on Chinese goods

2 hours ago 2

China The effect comes aft US President Donald Trump ordered caller tariffs connected imports from Canada, Mexico, and China. (AP)

China has announced plans to situation the latest US tariffs done the World Trade Organization (WTO), according to a connection from the Chinese commerce ministry connected Sunday.

“The imposition of tariffs by the US earnestly violates WTO rules,” the ministry stated, urging Washington to “engage successful frank dialog and fortify cooperation” alternatively of escalating commercialized tensions, according to Reuters.

US President Donald Trump has ordered 25% tariffs connected Canadian and Mexican imports, on with a 10% tariff connected goods from China. These tariffs, acceptable to instrumentality effect connected Tuesday, volition reportedly stay successful spot until the nationalist exigency surrounding fentanyl and amerciable migration is resolved.

The determination has sparked wide reaction, with assorted stakeholders expressing concerns astir the imaginable interaction connected commercialized relationships and the economy.

Reactions from affected countries:

– Canada: Prime Minister Justin Trudeau has announced retaliatory measures, imposing 25% tariffs connected assorted US goods.
– Mexico: President Claudia Sheinbaum has ordered retaliatory tariffs and different non-tariff measures, calling for dialog with the US.
– China: The Chinese Foreign Ministry has vowed to instrumentality “necessary countermeasures” against the US tariffs, stating that “fentanyl is America’s problem” and emphasizing that “there are nary winners successful commercialized wars.”

Industry concerns:

The American Automotive Policy Council, representing Ford Motor, General Motors, and Stellantis, has expressed concerns that the tariffs volition undermine the competitiveness of US automakers and stymie concern successful the American workforce.

Economists person warned that these tariffs could trigger a caller commercialized war, perchance slowing planetary economical maturation and fuelling inflation.

(with inputs from Reuters)

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