China disputes Trump's new tariffs at the WTO
Economy
China has filed a complaint with the WTO against the US imposing 10% tariffs on Chinese imports and the cancellation of benefits for low-cost parcels. The Trump administration's decision caused shock among shippers, retailers, and postal services, threatening large-scale supply chain disruptions.
In response to the tightening of US tariff policy, China initiated trade consultations with the World Trade Organization, claiming it violated the principles of free trade. The new tariff has hit China's largest e-commerce platforms, such as Shein and Temu, and the tightening of customs control could lead to mass cargo returns.
Meanwhile, Beijing imposed retaliatory tariffs on American coal, LNG, oil, and agricultural machinery, and launched an anti-monopoly investigation against Google. The situation is escalating: trading companies and logistics operators haven't had time to adapt to the new realities, and economists are warning of potential inflation surges in the US.
Meanwhile, Beijing imposed retaliatory tariffs on American coal, LNG, oil, and agricultural machinery, and launched an anti-monopoly investigation against Google. The situation is escalating: trading companies and logistics operators haven't had time to adapt to the new realities, and economists are warning of potential inflation surges in the US.
Powered by Froala Editor