Trump’s Trade War| After Mexico and Canada, China Hits Back at Trump’s Tariffs; to Sue US at WTO
Video Credit: Oneindia - Duration: 04:17s - Published
Trump’s Trade War| After Mexico and Canada, China Hits Back at Trump’s Tariffs; to Sue US at WTO
China has announced plans to file a lawsuit at the World Trade Organization (WTO) in response to U.S. President Donald Trump's new tariffs on Chinese goods.
The tariffs, which are set to take effect on February 4, will include a 25% tax on imports from Mexico and Canada, and a 10% tariff on Chinese goods.
The move has sparked backlash from Beijing, with the Commerce Ministry calling it a violation of WTO rules and a threat to global economic cooperation.
In retaliation, China vowed to take countermeasures to protect its interests, though the specifics were not disclosed.
The Chinese government has also condemned the U.S. approach, arguing that it fails to address the root causes of illegal drug imports and migration issues, which Trump cited as the rationale for imposing the tariffs.
#TrumpTariffs #ChinaTariffs #ChinaTrumpTariffs #ChinaSueUS #ChinaUSWTO #MexicoTariffs #CanadaTariffs #TrumpTradeWar #USCanadaMexicoTariffs #TariffTensions #TradeWarEscalation #USMexicoTariffs #USCanadaMexicoTrade #TrumpTradePolicy #WTODispute #ChinaVsUS #TrumpVsChina #USTradePolicies
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Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But both sides called the discussions constructive, raising expectations for a deal. The WTO praised the talks as a "significant step forward," while U.S. futures, oil, and the dollar all climbed on optimism of easing tensions.
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Trump hails 'great progress' as US-China trade talks in Geneva continue
The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.
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