In a bold move shaking up global trade, China has filed a lawsuit with the World Trade Organization's dispute settlement mechanism after the U.S. raised its 'reciprocal tariffs' on Chinese imports from 34% to 84%. A spokesperson for China's Ministry of Commerce stated that this tariff hike gravely violates WTO rules.
The spokesperson explained that the additional 50% tariff not only intensifies the issue but also exposes what they describe as unilateral bullying. China is determined to safeguard its legitimate rights and interests in line with WTO regulations and to defend the multilateral trading system that underpins international economic order.
This legal action marks a significant chapter in the ongoing global trade debate and is drawing keen attention from trade enthusiasts, young professionals, students, and cultural explorers around the world. Stay tuned as the drama in the global market unfolds – it’s a must-watch saga for anyone curious about the future of international trade! 🚀
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China files lawsuit with WTO following latest U.S. tariff hikes
cgtn.com
