China Threatens Countermeasures Against New Trump Tariffs: WTO Lawsuit Looms
China Threatens Countermeasures Against New Trump Tariffs: WTO Lawsuit Looms
WASHINGTON, D.C. - In a bold move, China has vowed to take "countermeasures" against the latest round of tariffs imposed by former President Donald Trump. The Chinese Ministry of Commerce announced plans to file a lawsuit with the World Trade Organization (WTO), challenging the legality of the new tariffs.
The Trump administration's decision to impose a 10% tariff on Chinese goods has been met with strong opposition from Beijing. The Chinese government argues that the tariffs violate international trade rules and undermine the normal economic and trade cooperation between the two nations. In a statement, the Ministry of Commerce spokesperson emphasized, "China will take corresponding countermeasures to firmly safeguard its own rights and interests".
The new tariffs, which also include a 25% duty on Mexican and Canadian goods, were justified by Trump as a measure to combat illegal immigration and the flow of dangerous drugs like fentanyl into the United States. However, China has criticized this rationale, stating that fentanyl is America's problem and urging the U.S. to handle the issue rationally.
China's response has been measured, with the government leaving the door open for dialogue and cooperation. The Ministry of Commerce spokesperson called on the U.S. to correct its wrong practices and engage in frank dialogues to manage differences on the basis of equality, mutual benefit, and mutual respect.
The WTO, despite losing its ability to try legal cases due to Trump's blocking of judge appointments, can still compile reports on cases. This lawsuit, while largely symbolic, underscores the escalating trade tensions between the two economic giants.
Experts believe that the countermeasures could range from imposing reciprocal tariffs to other economic sanctions. The potential impact on global trade and bilateral cooperation on drug control remains a concern for both nations.
As the situation unfolds, the international community will be closely watching the developments. The outcome of this trade dispute could have significant implications for global economic stability and the future of U.S.-China relations.
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