UPDATE 1-China lodges tariff case at WTO against the U.S.




  • In US
  • 2019-09-02 14:27:10Z
  • By Reuters

(Adds background, $300 billion figure)

HONG KONG/GENEVA, Sept 2 (Reuters) - China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday.

The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the latest escalation in their trade war.

China did not release details of its legal case but said the U.S. tariffs affected $300 billion of Chinese exports.

The latest tariff actions violated the consensus reached by leaders of China and the United States in a meeting in Osaka, the Commerce Ministry said in the statement. China will defend its legal rights in accordance with WTO rules, it said.

The lawsuit is the third Beijing has brought to challenge U.S. President Donald Trump's China-specific tariffs at the WTO, the international organisation that limits the tariffs each country is allowed to charge.

U.S. officials say that they are penalising China for theft of intellectual property that is not covered by WTO rules, although many trade experts say that any tariff hike above the allowed maximum must be justified at the WTO.

Many experts also decry China's decision to fight fire with fire, by imposing tariffs on U.S. goods imported into China, also without the WTO's approval.

On Friday the United States published a written defence in the first of the three legal cases, asserting that China and the United States agreed the issue should not be judged at the WTO.

"China has taken the unilateral decision to adopt aggressive industrial policy measures to steal or otherwise unfairly acquire the technology of its trading partners; the United States has adopted tariff measures to try to obtain the elimination of China's unfair and distortive technology-transfer policies," it said.

China had chosen to respond not by addressing U.S. concerns but with its own tariffs, "in an effort to maintain its unfair policies indefinitely".

The U.S. submission also said its actions were exempt from WTO rules because they were "measures necessary to protect public morals" - a clause used in the past to argue for trade restrictions over gambling, animal rights and public broadcasting.

Under WTO rules, Washington has 60 days to try to settle the latest dispute. 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. (Reporting by Meg Shen and Tom Miles; editing by Peter Graff, Larry King)

COMMENTS

More Related News

Trump vs. TikTok: An Opening Salvo against Chinese Tech
Trump vs. TikTok: An Opening Salvo against Chinese Tech

Aboard Air Force One on Friday, President Trump told reporters, "As far as TikTok is concerned, we're banning them from the United States." But as events progressed, the White House seemed to be offering the popular video-sharing app's owners an off-ramp. They're now in talks with Microsoft, which wants to acquire the app, and Trump has set a September 15 deadline for the companies to reach an agreement. (He also says any deal should include a payment to the Treasury.) Otherwise, he says, the U.S. government will ban the app.Before last weekend's news, there already was bipartisan agreement around doing something about TikTok. Over the weekend, Senator Chuck Schumer forcefully denounced...

BioNTech, Fosun launch another COVID-19 vaccine trial
BioNTech, Fosun launch another COVID-19 vaccine trial
  • US
  • 2020-08-05 08:58:17Z

Germany's BioNTech and China's Shanghai Fosun Pharmaceutical on Wednesday announced the start of another COVID-19 vaccine trial in China with a total of 144 participants. "The study is designed to support the regulatory approval process for the Chinese market and intends to confirm that the safety and immunogenicity profile observed in participants from the German and U.S. trials is comparable to that of Chinese participants," BioNTech said in a statement.

Banks snared by Hong Kong sanctions laws as US-China spat spirals
Banks snared by Hong Kong sanctions laws as US-China spat spirals

International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city's future, with analysts warning businesses are being forced to pick a side. The first is a bipartisan US bill sanctioning Chinese and Hong Kong officials responsible for the current crackdown on political freedoms in the city. The second is a sweeping security law Beijing imposed on the finance hub that includes a ban on businesses complying with foreign sanctions.

US announces
US announces 'highest level' visit in decades to Taiwan

The United States announced Wednesday its "highest level" visit in decades to Taiwan, a move sure to infuriate China with relations between the two superpowers at historic lows. Washington's de facto embassy in Taipei confirmed that health chief Alex Azar would lead an upcoming delegation to the self-ruled island, which China's communist leaders claim and have vowed to one day seize. "This marks... the first Cabinet member to visit in six years, and the highest level visit by a US Cabinet official since 1979," the American Institute in Taiwan said.

China pursues economic self-reliance as external risks grow - advisers
China pursues economic self-reliance as external risks grow - advisers

China is looking to reduce its reliance on overseas markets and technology for its economic development, government advisers say, as U.S. hostility and a global pandemic increase external risks that could hamper longer-term progress. The country's leaders have proposed a so-called "dual circulation" model of growth to steer the economy, the sources said, which would prioritise "internal circulation" to boost domestic demand and be supplemented by "external circulation".

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US