After the U.S. new tariffs of 15 percent tax on Chinese imports amounting to $112 billion went into effect on Sunday, the Chinese Commerce Ministry responded by announcing China had lodged a complaint with the World Trade Organization against the United States over their import taxes on goods. This is the third lawsuit China has lodged with the WTO against the United States imposing tariffs.
They also responded by applying a 10 percent and 5 percent tax on some American goods entering China. Neither side has indicated any concessions as yet, although both have agreed to further talks in Washington this month. U.S. officials maintain the tariffs are a penalty China must pay for stealing intellectual property, which is not covered by the WTO, said U.S. officials, as reported by Reuters.
A written defense by the United States says, “China has taken the unilateral decision to adopt aggressive industrial policy measures to steal or otherwise unfairly acquire the technology of its trading partners; the United States has adopted tariff measures to try to obtain the elimination of China’s unfair and distortive technology-transfer policies.”
China complained about the tariffs imposed by the United States and said they affect $300 million worth of Chinese exports.
The Chinese Commerce Ministry said in a statement, “On September 1, the first batch of U.S. tariffs on China’s $300 billion exported to the United States was officially implemented. I will file a lawsuit under the WTO dispute settlement mechanism. The U.S. taxation measures are seriously contrary to the consensus of the heads of state of the two countries in Osaka. China is strongly dissatisfied and resolutely opposed. In accordance with relevant WTO rules, China will firmly safeguard its legitimate rights and interests and resolutely defend the multilateral trading system and the international trade order.”
President Trump told reporters on Sunday, Sept.1, “We are talking to China. The meeting is still on, as you know, in September,” adding,”That hasn’t changed. They haven’t changed it, we haven’t. We’ll see what happens, but we can’t allow China to rip us off anymore as a country.”