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.
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#USChinaTrade #GlobalMarkets #TradeTalks #TariffWar #GenevaSummit #MarketRally #WTO #TradeBreakthrough #USPolitics #ChinaNews #AsianMarkets #TrumpTariffs #TradePolicy #GlobalEconomy #RecessionFears #EconomicDiplomacy #HeLifeng #NgoziOkonjoIweala #USChinaRelations #StockMarket #OilPrices #GoldPrices #DollarIndex #SupplyChains #BusinessNews #InternationalTrade #TariffDrop #InvestingNews #WorldMarkets #TradeDeal #Geneva
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