Hong Kong Challenges US Tariffs at WTO Amid Ongoing Trade Strife
Hong Kong plans to file a complaint with the World Trade Organisation (WTO) over new US tariffs on its products. These tariffs, which include an additional 10% levy on Chinese goods, have prompted China to seek dispute consultations with the US, and Hong Kong previously took similar issues to the WTO during Trump's presidency.
Hong Kong will lodge a complaint at the World Trade Organisation against the newly imposed US tariffs on its goods, the city's government announced on Friday.
These tariffs add a 10% surcharge on Chinese exports and exclude small-value parcels from duty-free entry into the United States, urging Beijing to retaliate by seeking dispute consultations with the WTO and launching an antitrust probe against Google. The Hong Kong government criticized the US measures as inconsistent with WTO rules, emphasizing its status as a separate customs territory and urging the US to amend its actions.
The WTO confirmed receiving China's request for consultations, giving both parties a 60-day window to resolve the matter before escalating to a judicial panel. Simultaneously, Hong Kong's post office declared a suspension on shipments to the US, despite America's postal service reversing its ban on Chinese packages. This ban caused confusion among Hong Kong traders and raised concerns over impacts on online businesses like Shein and Temu, which benefit from low-cost postal services owing to exemptions for parcels under $800.
ALSO READ
-
New Zealand Gives NZ$300,000 to Help Developing Countries Build Safer Food Trade
-
WTO Members Seek a Fresh Start on Farm Talks as Food Security Takes Centre Stage
-
WTO Sets Up Panel on EU Carbon Border Rules as Russia Challenges Restrictions
-
WTO at Crossroads: Why Future of Global Trade Matters to Every One of Us
-
Services Trade Hits $9.6 Trillion, Opening New Doors for Developing Economies
Google News