China to continue counter attack as Washington imposes new tarrifs
- Country:
- China
- United States
China today said it would continue to "counter-attack" as Washington imposed new tariffs on USD 16 billion worth of its goods, further inflaming trade tensions.
The US moves were "clearly suspected" of violating World Trade Organization rules, the commerce ministry said in a statement, adding that it would file a lawsuit against them under the WTO's dispute resolution mechanism.
Beijing had earlier said that it would impose retaliatory tariffs on USD 16 billion of US goods at the exact same time as the US levies came into force.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Aug 23
- USD 16
- imposed
- tariffs
- USD
- tariffs USD
- 16
- tariffs USD 16
- billion
- 16 billion
Advertisement
ALSO READ
Karnataka to become USD 1 trillion economy by 2032: Siddaramaiah aims to achieve industrial growth rate of 15-16 pc
ADB sanctions USD 170 mn loan to reinforce India's health infrastructure for future pandemic preparedness
Norway Holds Key Interest Rate at 16-Year High
Norway Central Bank Holds Firm at 16-Year High Interest Rate of 4.5%
Bank of England keeps main interest rate at 16-year high of 5.25 per cent even though inflation is now at its target of 2 per cent, reports AP.