The Herald (South Africa)

Beijing takes dispute with US over tariffs to WTO

-

BEIJING has requested dispute consultati­ons with the United States at the World Trade Organisati­on (WTO) over US tariffs slapped on imports of Chinese steel and aluminium products, according to a WTO document published yesterday.

China’s representa­tive to the world trade body has requested consultati­ons with Washington over its decision to impose additional ad valorem rate of duty on imports of certain steel and aluminium products, according to the document, which stated that the complaint was filed on April 5.

US President Donald Trump decided in March to impose steep tariffs on steel and aluminium imports, primarily to target China.

China claims the duties of 25% and 10% on imports of its steel and aluminium products violate global trade rules.

The Chinese request for consultati­ons, which marks the first step in a full-blown legal challenge at the WTO’s Dispute Settlement Body, is part of an escalating trade confrontat­ion between Washington and Beijing.

Early last week, Washington also published a list of $50-billion (R603-billion) in Chinese goods to be hit by tariffs over what Washington says is widespread theft of intellectu­al property and technology.

China quickly launched a challenge against those proposed tariffs, also requesting that the WTO organise consultati­ons.

Beijing also retaliated by unveiling planned levies on $50-billion worth of major US exports including soybeans, cars and small aircraft.

But Trump hit back again on Thursday, instructin­g trade officials to consider tariffs on an additional $100-billion (R1.2-billion) in Chinese imports.

 ?? Picture: REUTERS ?? FULL STEAM AHEAD: A worker oversees production at a furnace at the steel plant of Dalian Special Steel Co in Dalian, Liaoning province in China
Picture: REUTERS FULL STEAM AHEAD: A worker oversees production at a furnace at the steel plant of Dalian Special Steel Co in Dalian, Liaoning province in China

Newspapers in English

Newspapers from South Africa