“China and the United States have to resolve disputes over 10% of US duties on all Chinese imports within the World Trade Organization without WTO arbitration within 60 days. This is stated in the message of the International Organization on Beijing’s Complaint to the US Tariffs for Chinese goods. “China has asked the WTO for consultations with the United States”, – WRITE ON: ua.news
China and the United States have to resolve disputes over 10% of US duties on all Chinese imports within the World Trade Organization without WTO arbitration within 60 days.
This is stated in the message of the International Organization on Beijing’s Complaint to the US Tariffs for Chinese goods.
“China appealed to the WTO for consultations with the United States on new tariff measures that the United States applies to Chinese goods. The request was sent to WTO members on February 5, ”the message reads.
There, Beijing’s assertion that 10% of the USA is incompatible with the US side’s obligations on the most assistance regime, in accordance with a number of agreements and treaties within the trade organization.
“The consultation request formally initiates the WTO dispute. Consultations give the parties the opportunity to discuss questions and find a satisfactory decision without further arbitration. If after 60 days of consultations do not lead to the resolution of the dispute, the plaintiff may require the participation of the arbitration commission in the settlement of the dispute, ”the WTO said.
We will remind, Beijing announced the introduction of duties on some types of American imports, including fuel. Export controls are also being introduced in response to the introduction of Trump by 10% of the US Imports in the US.
On February 4, US oil prices decreased by almost 2% after the US new duties on Chinese imports came into force.
And the US Postal Service has suspended receiving parcels from China and Hong Kong. It happened after President Donald Trump abolished the trade position used by retailers, including TEMU and Shein, for duty -free departure of low -cost parcels in the United States.
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