China fires back at U.S. tariffs with WTO complaint
July 16 (UPI) -- China filed a complaint with the World Trade Organization on Monday over the United States' plan to put tariffs on $200 billion in Chinese goods.
The announcement by China's Ministry of Commerce, seeking a legal remedy, comes a week after the administration of President Donald Trump published a preliminary list of over 6,000 Chinese products to which it seeks to assign an additional 10 percent tariff.
Those tariffs were announced after Beijing retaliated for a prior U.S. tariff of up to 25 percent on Chinese goods valued at about $34 billion.
The trade status between the two countries has so far affected prices of raw materials, including paper, steel and aluminum. The list released last week by the White House includes raw materials and finished goods including tobacco, pet food, seafood and plywood.
Read more: https://www.upi.com/Top_News/US/2018/07/16/China-fires-back-at-US-tariffs-with-WTO-complaint/1511531751980/
