China lodges complaint with WTO against 'discriminatory' US tariffs
World | The US called the additional tax a measure to address the influx of illegal drugs. China accused Trump of making "unfounded and false allegations" to justify the tariffs on its goods and violating trade rules.
China has accused that the new tariff imposed by the United States President Donald Trump is "discriminatory" as the country filed a complaint with the World Trade Organization (WTO). This comes a day after the US imposed a 10 per cent border tax on Chinese goods. The US called the additional tax a measure to address the influx of illegal drugs. China accused Trump of making "unfounded and false allegations" to justify the tariffs on its goods and violating trade rules.
A former WTO official has told BBC that China has "no possibility of succeeding" as the panel of WTO that deals with trade disputes remain unable to function.
The US-China dispute emerged after Trump's announcement of tariff on China, Mexico and Canada (Now halted for 30 days in Canda and Mexico). The decision by Trump has sparked concerns among economists and several other countries.
Analysts argue that the US itself is likely to pay the price for the tariffs. A recent report by the ABC News said several commodities will be expensive in America.
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Furthermore, on Tuesday (Feb 04), the United States Postal Service (USPS) announced that it will temporarily suspend accepting parcels from mainland China and Hong Kong.
In retaliation, China announced that it would impose 15 per cent tariffs on imports of coal and liquefied natural gas from the United States.
"A 15 per cent tariff will be imposed on coal and liquefied natural gas (LNG)," Beijing's finance ministry said on Tuesday (Feb 4). He added the tariffs come into force next Monday.
(With inputs from agencies)
