Economy

Trump Says World Trade Organization 'Unfair' to United States

Trump Says World Trade Organization 'Unfair' to United States

This action was relatively modest as China only provides about 2% of steel imported to the U.S. The next day, Trump escalated the trade fight again by announcing tariffs would be placed on another $50 billion of imports from China.

"China, which is a great economic power, is considered a Developing Nation within the World Trade Organization", he tweeted. Does anybody think this is fair.

In response to US tariffs on Chinese imports, China took retaliatory steps early Wednesday and said it would impose 25 percent tariffs on 106 USA goods worth $50 billion.

"China has requested consultations with the United States under the WTO's dispute settlement mechanism regarding the United States' tariff measures on certain Chinese goods", WTO said in a statement on Thursday.

China filed a complaint [materials] against the USA with the World Trade Organization (WTO) [official website] on Thursday over U.S. tariffs against Chinese goods.

More news: Cyclist fired for giving Trump middle finger sues ex-employer

Earlier this week, Beijing imposed tariffs on $3 billion worth of US products in response to the Trump administration's tariffs on steel and aluminum imports.

That was in response to the release by the USA of a list of proposed tariffs a day earlier, covering $50 billion in Chinese products.

Since taking office in January 2016, the Trump administration has vigorously enforced USA trade laws by backing companies and industries that complain of harm from unfair trade due to imposed duties on imports.

"China and the European Union. should take a clear stance against protectionism, jointly preserve the rules-based multilateral trade order, and keep the global economy on a sound and sustainable track", Zhang Ming, the head of the Chinese mission to the European Union, said in a statement sent to AFP.


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