Friday, April 18, 2025

China challenges Trump tariffs as ‘discriminatory’

(BBC News) China has accused the US of making “unfounded and false allegations” about its role in the fentanyl trade to justify tariffs on Chinese products.

The complaint was lodged with the World Trade Organization (WTO) one day after US President Donald Trump raised border taxes on Chinese goods by 10%, a measure he said was intended to address an influx of illegal drugs.

In the filing, China said the measures were “discriminatory and protectionist” and violated trade rules.

But experts have warned that China is unlikely to secure a ruling in its favour as the panel that settles trade disputes remains unable to function.

One former WTO official told the BBC it has “no possibility of succeeding”.

The dispute comes as Trump’s plans for tariffs — a tax he has said he wants to see imposed on all foreign shipments into the country — are causing uncertainty across the global trade landscape.

Trump has said tariffs will encourage firms to make their products in the US, repeatedly expressing concern about the size of America’s trade deficit.

But his actions against China — which he has threatened to widen to include Canada, Mexico and Europe — have sparked concerns about their impact on the global economy, including in the US, as businesses respond to trade uncertainty by holding off on investments or pass on new costs to customers.

 

https://www.bbc.com/news/articles/c805m1r4m5no

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

Google has illegal advertising monopoly, judge rules

(BBC News) A US judge has ruled tech giant Google has a monopoly in online advertising technology. The US Department of Justice, along with 17...

Chemical traces found 124 light-years away that on Earth are only produced by living beings

(Al Jazeera Media Network) Astronomers have found the clearest evidence yet that life might exist beyond the solar system, from the atmosphere of a...