BBC News
Getty ImagesChina has accused the US of making “base and false claims” of its role in the fentanyl trade to justify tariffs on Chinese goods.
The complaint was filed with the World Trade Organization (WTO) a day after US President Donald Trump raised border taxes on Chinese goods by 10%.
In its submission, China said the measure was “discriminatory and protectionist” and violated the World Trade Rules.
This conflict is when Trump’s tariff plan -a tax that he wanted to be imposed on all foreign cargo in Japan, causing uncertainty throughout the world trade environment. Masu.
Trump said tariffs would encourage businesses to manufacture products in the United States and express repeated concerns about the scale of the trade deficit.
However, his actions against China, which he threatened to expand to other countries, including Canada, Mexico and Europe, have led to an economy including the US, in order to respond to trade uncertainties by companies refraining from investments and passes. raised concerns about the impact of Regarding new costs to customers.
Canadian tights maker Sheltex announced Wednesday it had placed 40% of nearly 350 workers in temporary layoffs, citing tariff questions.
The US imported countries have reached the highest record in December, in December, in order to secure foreign toys, mobile phones, and computers in December.
The value of goods brought to the US increased by 4% to $293.1 billion since November. This is the highest since records began in 1992, the Commerce Department said Wednesday.
The rise also contributed to the widest trade deficit, or gap, between exports and imports, in almost two years.
The tariffs also spark political tensions, including retaliation from China. This responded to Trump’s moves, including tariffs on US goods and Google’s opposition investigation.
The speed at which China filed a complaint with the WTO indicates that Beijing is ready for the trade war.
On Wednesday, Bloomberg also reported that the country’s anti-massive regulators had hit the company’s stock, preparing for possible investigations into Apple’s policies and App Store fees.
Trump Movement – Ordering the end of tax-free handling of parcels under $800 will be a major “shock” for some companies, such as Shein and Temu, as it erodes its ability to offer ultra-low prices Ta. Mark Williams, China’s economic manager at Capital Economics.
But he said he thought China-wide that the effects of Trump’s tariffs would not be so harmful.
“This is definitely easy to manage for a wider Chinese economy,” he said.
The WTO process gives the US and China 60 days to resolve the dispute through consultation, at which point China has the right to request a ruling by a panel of judges.
However, it is unclear how effective it is.
The final WTO panel to resolve trade disputes remains inoperable as the US refuses to approve the appointment of a new judge.
The US also ignored previous findings in the WTO that previous tariffs on steel and aluminum imposed during Trump’s first term were against the rules.
Jeff Moon, who worked on President Barack Obama’s trade policy, told the BBC he hopes for the first WTO decision to support China’s position.
However, these cases usually take years to resolve. “The final decision will never be issued” because the appeal process is paralyzed.
Former American trade representatives on the Chinese issue need to submit a lawsuit to support the frequently stated position that Beijing is in the United States that damages the relationship between the rules -based trading systems and the two countries. I added it.
China ranked as a county in December with the largest deficit in its products, sending $25.3 billion more to the US than it bought.
The European Union, the target of Trump’s tariff threats, had the second largest gap.
In contrast, the United States enjoyed a small surplus of $ 2.3 billion in product trade with the UK.
As a whole, US trade deficit, including services, increased by exports faster than exports, so that it rose 17 % last year to a total of $ 9.18.4 billion.
In December, the trade deficit for goods and services was $98.4 billion, the highest since March 2022, the Commerce Department said.
