WTO likely to probe Trump’s China tariffs

Bloomberg

Tensions between the US and China are about to get more complicated, with the World Trade Organization poised to begin an investigation into President Donald Trump’s tariffs on $250 billion of
Chinese goods.
On Monday, the Geneva-based arbiter of trade disputes will likely launch an inquiry into whether the US duties run afoul of a requirement that all WTO members give each other the same tariff treatment, as China asserts.
The investigation comes at a delicate moment between the world’s two largest economies. A new round of trade talks is scheduled to begin on January 30, and if a deal isn’t reached by March 1, the Trump administration has threatened to raise the tariff rate on $200 billion in Chinese goods to 25 percent from 10 percent. The WTO is already facing an existential threat over a hold the US has placed on new appellate judge nominations.

Leave a Reply

Send this to a friend