In response to the measures imposed by Donald Trump, Beijing will also file a complaint to the WTO against the US government for violating international trade rules and basic economic laws
A announced this Friday (11) that will increase the About the products of to 125%, further deepening the trade war between the two largest economies in the world. “The imposition by the United States of abnormally high tariffs against China severely violates international commercial rules, basic economic laws and common sense,” said the Beijing Council’s Tariff Committee in a statement issued by the Ministry of Finance. The new fare will come into force on Saturday (12).
In addition, the Asian country has also stated that it will “ignore” from now on any new discharge of tariffs imposed by the United States after reacting to the Tarump administration’s tariff increase with its own 125% increase in US products.
“Considering that at this level of tariffs, US products exported to China no longer have any chance of being accepted in the market, if Washington continues to increase its rates, China will ignore,” the government’s tariff commission said in a statement issued by the Ministry of Finance. The state press also reported that Beijing will file a complaint to the due to the new fares imposed by Washington.
*With information from AFP
Posted by Victor Oliveira
