Beijing announced the introduction of additional duties of 34% of imports from the United States in response to the introduction of “mutual” tariffs.
China introduces additional duties on all the goods imported from the United States, in addition to the current tariffs of 34 percent, the State Council of the PRC said in a statement
It is noted that the tariffs will begin to operate from April 10.
China filed a lawsuit against the United States in the WTO
China also filed a lawsuit in the dispute resolution mechanism of the World Trade Organization (WTO) in response to the “mutual” duties of the United States.
According to the China Ministry of Trade, the increase in tariffs seriously violate the Rules of the WTO, cause serious damage to the legal rights and interests of the WTO members, and also undermine the multilateral trading system based on the rules.
“This is a typical act of unilateral intimidation, which threatens the world economic and trade order,” the report said.
Along with the increase in duties, the Chinese authorities announced the introduction of 27 American companies with the list of export control. Sixteen companies are included in the list in order to control the export of double -purpose products.
On the second of April, US President Donald Trump announced the introduction of a new import duties. The base rate on all goods imported into the country will be 10 percent. At the same time, duties will vary depending on the country, taking into account customs tariffs and “other non -monetary barriers in trade and forms of fraud.” In particular, duties of 34%are introduced in relation to China.