MoneyNews

China appealed to new WTO import duties

UNITED STATES, WASHINGTON (OBSERVATORY) — Beijing has requested the World Trade Organization to initiate proceedings in connection with the application of new import duties on Chinese goods by the United States on September 1.

The Ministry of Commerce of China on Monday, September 2, stated that “China is seriously dissatisfied and strongly opposed” new US duties on Chinese goods in the amount of $ 300 billion. The report says that China initiated a WTO hearing in connection with these actions. USA.

September 2019 began with the escalation of the trade conflict between the United States and China: the Trump administration applied new duties in relation to part of the import of goods from China. In response, China raised import duties on US goods in the amount of $ 75 billion.

Earlier, in July this year, Russia filed a lawsuit with the WTO , initiating proceedings on US anti-dumping duties on steel.

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