Monday, 10 December, 2018

Reuters Poll: China unperturbed by trade war at the street level

Campaign launched in Senegal to support Turkish brands China says US solar tariffs violate trade rules, lodges WTO complaint
Cristina Norman | 17 August, 2018, 16:55

The Commerce Ministry said Wednesday the 30 percent tariffs announced in January violate WTO rules and improperly help us producers.

Trump defended solar tariffs as necessary to protect U.S. producers, saying import prices were unfairly low due to subsidies and other inappropriate subsidies.

On this legislation, US President Donald Trump has commented that it will provide additional tools to combat predatory investment practices that threaten the US fundamental technological leadership, national security, and future economic prosperity.

"[Competition will be] internal, like it used to be in the old days when we actually had steel, and U.S. Steel was our greatest company", Tump told The Journal.

On Jan. 22, Trump approved tariffs up to 50 percent on imported washing machines for the next three years, and duties as much as 30 percent on imported solar panels for the next four years. It said on May 14 it had issued a request to the WTO for a dispute settlement process with Washington.

The USTR accused China of using state incentives, subsidies and tariffs to increase production and said manufacturers had evaded US tariffs by repeatedly shifting production to new countries.

In their technology dispute, Washington imposed 25 percent duties on $34 billion (3.8 trillion yen) of Chinese goods it said benefit from improper industrial policies.

On May 31, Canada announced it would impose "dollar-for-dollar" tariffs on 16.6 billion Canadian dollars (12.7 billion dollars) worth of USA imports on July 1 if Washington does not drop its steel and aluminum tariff threat. One Chinese executive told Reuters that USA solar tariffs were a "sideshow" and had little effect on Chinese business.

On June 22, the European Union levied duties of 25 percent on 2.8 billion euros (3.2 billion dollars) of USA imports in retaliation of Washington's steel and aluminum tariffs.

China lodged its challenge at the WTO on Tuesday, the statement said. China responded with similar penalties on American imports.

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