Category: tariffs

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China questions legality of US tariffs at WTO

Chinese officials have raised their dissatisfaction with the US tariff plan at a meeting of the WTO’s dispute settlement body. They have indicated that China strongly opposed the unilateral action, Reuters news agency reports quoting a trade official who attended the meeting. The US tariff plan is based on Section 301 of the 1974 Trade Act that…

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China imposes 25 percent tariffs on key US exports

China has retaliated quickly against proposed United States penalties on Chinese goods and announced 25 percent tariffs on critical American exports, including soya beans, aeroplanes and cars. On Tuesday, the administration of President Donald Trump threatened to slap tariffs on $50bn in Chinese imports across 1,300 categories of products, ranging from industrial robots to locomotives. Beijing’s response came…

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China imposes retaliatory tariffs on US merchandise

Beijing has imposed tariffs of up to 25 percent on more than 120 American products, including pork, fruits, nuts and wine, in retaliation to US President Donald Trump’s decision to raise duties on Chinese imports.  China said the decision, which affects around $3bn worth of imports from the US, is aimed at safeguarding its interests…