ECONOMIC NEWS
China lodges tariff case at WTO against the U.S. By Reuters
HONG KONG (Reuters) – China has lodged a case against the United States with the World Trade Organization (WTO) over U.S. import duties, the Chinese commerce ministry said on Monday.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday – including footwear, smart watches and flat-panel televisions – as China began imposing new duties on , the latest escalation in a bruising trade war.
The latest tariffs actions violated the consensus reached by leaders of China and the U.S. in a meeting in Osaka, the commerce ministry said in the statement. China will firmly defend its legal rights in accordance with WTO rules, it said.
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