Business
22:14, 23-Aug-2018
China files WTO complaint against US taxation measures
Updated
21:34, 26-Aug-2018
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China has filed a World Trade Organization (WTO) complaint against US taxation measures, according to an announcement released by the Chinese Ministry of Commerce on Thursday.
Under Section 301, the US has implemented additional tariffs on 16 billion US dollars' worth of Chinese imports.
By launching the complaint under the WTO dispute settlement mechanism, China is safeguarding free trade and multilateral mechanisms as well as its legitimate rights and interests, a MOFCOM spokesperson said in an online statement earlier Thursday.
By willfully imposing the tariffs on Thursday, the US has obviously violated WTO rules, according to the statement.
"China firmly opposes it and has to once again take necessary countermeasures," it said.
China’s tariffs on 16 billion US dollars' worth of US goods took effect at 12:01 p.m. BJT simultaneously with the US initiating additional 25 percent tariffs on a similar amount of Chinese goods at 12:01 a.m. EDT (0401 GMT) on Thursday, according to Customs Tariff Commission of the State Council.