China challenges U.S. reciprocal tariffs at the WTO
- The United States announced a plan for 'reciprocal tariffs' to address losses in international trade and reduce the trade deficit.
- A survey by CGTN found that 81.03 percent of global respondents believe the tariffs will not achieve expected results.
- In retaliation, China announced a 34 percent tariff on U.S. Imports, becoming the first major economy to respond to the tariffs.
- Ngozi Okonjo-Iweala of the WTO warned that ongoing trade tensions might lead to a contraction of one percent in global merchandise trade volumes.
17 Articles
17 Articles
Trump’s China Tariffs Aim to Tackle Decades of Trade Imbalance, National Security Threats
WASHINGTON—As part of a major shift in U.S. trade policy, President Donald Trump has ramped up tariffs on Chinese goods, which he said will revive domestic manufacturing and correct decades of imbalanced trade between the two economies. At the April 2 “Make America Wealthy Again” event in the White House Rose Garden, Trump unveiled the contours of his global tariff plans, including a 34 percent reciprocal levy on Beijing. The president noted Chi…
CGTN Poll: U.S. 'reciprocal tariffs' draw condemnation from the world
The U.S. claims that it has suffered losses in international trade and is raising tariffs on all trading partners under the pretext of "reciprocity," aiming to reduce the trade deficit. However, 81.03 percent of global respondents do not agree with this, believing that such measures will not achieve the expected results. During Trump's first term, he imposed tariffs on major trading partners. According to statistics from the American Action Foru…
China responds to Trump's tariffs with trade measures and a WTO lawsuit
China responded to US President Donald Trump's new customs duties by measures such as imposing the same 34% tariff rate on bilateral trade, expanding export controls and filing a suit with the World Trade Organization.
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