China lodges WTO trade complaint against US

Ruben Fields
September 4, 2019

China has lodged a complaint against the United States at the World Trade Organization (WTO) over USA import duties on Monday.

The United States began imposing 15% tariffs on $125bn worth of Chinese goods on Sunday, September 1st: the import duties target popular products ranging from cellphones and laptops to toys and clothes. This includes about 82 percent of swing voters who said they support fixing U.S.

Officials from the United States have stated that they are pushing penalties onto China for theft of intellectual property, which has not been covered by the rules of the World Trade Organization. "China can not credibly dispute their existence, their unfairness or their distortionary impacts on world trade".

"For all of the "geniuses" out there, many who have been in other administrations and "taken to the cleaners" by China, that want me to get together with the European Union and others to go after China Trade practices remember, the European Union & all treat us VERY unfairly on Trade also".

Since its accession to the WTO, China has actively promoted trade and investment liberalization and facilitation, effectively maintained the legal status of the dispute settlement mechanism, taken part in trade policy review, fully supported the integration of developing countries into the multilateral trading system, and resolutely opposed unilateralism and protectionism.

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China's Ministry of Commerce announced its decision on Monday. "Then China could ask the WTO to adjudicate, a process that would take several years.It could end with China gaining WTO approval to take trade sanctions, if the United States is found to have broken the rules".

Treasury said that it would increase engagement with the International Monetary Fund to eliminate any unfair competitive advantage created by any Chinese actions to devalue the yuan.

"We think China is neither aiming to quickly reach a trade deal, nor trying to hit back at the U.S.as hard as it can", Deutsche Bank China Economist Yi Xiong wrote in a report.

Beijing has said it will retaliate by targeting $75 billion in United States goods, beginning in part on September 1.

"We don't want to be servants to the Chinese!" "There is no reason to buy everything from China!" Redirect the supply chain.

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