China to Challenge New US Tariffs at WTO, Warns of Rising Costs for American Consumers and Businesses
Beijing, China – In response to the United States imposing an additional 10 percent tariff on goods imported from China, Beijing announced plans on Sunday to bring a lawsuit against the U.S. at the World Trade Organization (WTO). The Chinese Ministry of Commerce also stated that it would take necessary counteractions to protect China’s interests and rights. This move, according to the Ministry, will not resolve the underlying issues facing the U.S. and will disrupt the existing economic and trade relations between the two nations. According to experts, this tariff increment will have a marked … Read more