China to Challenge U.S. Tariffs at WTO
China plans to contest the U.S. tariffs at the World Trade Organization (WTO), claiming they breach WTO rules. These tariffs, initiated by President Trump, involve 25% on Canadian and Mexican imports and 10% on Chinese goods, potentially triggering a trade war affecting global growth.
- Country:
- China
The Chinese commerce ministry announced on Sunday that China will challenge U.S. tariffs through the World Trade Organization (WTO), in response to what it deems a serious violation of WTO rules.
The U.S., under President Donald Trump, has imposed tariffs of 25% on Canadian and Mexican imports and 10% on goods from China, set to take effect on Tuesday. This move, which the Chinese ministry criticized, could trigger a renewed trade war.
Economists warn that the tariffs could slow global economic growth and reignite inflation, urging both nations to engage in open dialogue and enhance cooperation to avoid a prolonged trade conflict.
(With inputs from agencies.)
- READ MORE ON:
- China
- U.S.
- tariffs
- WTO
- trade war
- economy
- global growth
- Trump
- import
- cooperation
ALSO READ
India turned diversity into its strength, emerged as the fastest growing major economy: PM Modi.
Inside the Oval Office: Trump's Views on Economy, Peace, and Policy
Kashkari Holds Firm: No Rate Cuts Amid Resilient Economy
Loan Growth Drives Banking Profits Amid Resilient Economy
EU's Massive Loan Boosts Ukraine's Defense and Economy Amid Ongoing Conflict

