BBC News
China has criticized the US for “unfounded and false claims” for its role in Pentanil trade to justify the tariffs on Chinese products.
The complaint was submitted to the World Trade Organization (WTO) one day after US President Donald Trump increased the border tax on Chinese products by 10 percent.
In this submission, China said that this measure was “discriminatory, protectiveist,” and violated the world trade rules.
This dispute occurs in accordance with the plan of Trump’s tariffs. Tax is a tax that he wants to be imposed on all foreign shipments, causing uncertainty in the global trade environment.
Trump said that tariffs would encourage companies to make products in the United States and expressed repetitive concerns about the size of the trade deficit.
But his actions against China, which threatened to expand to other countries, including Canada, Mexico and Europe, have raised concerns about the impact on the economy, including the United States, as a company responds to trade uncertainty by holding investment or passing. For new costs for customers.
Sheertex, a Canadian tights manufacturer, cited the tariff on Wednesday and announced that 40%of the 350 workers were temporarily dismissed.
In response to the threat of tariffs, the US income set the highest record in December, while racing to secure a foreign toy, mobile phones and computers.
The value of the product brought to the United States has increased by 4% in November to $ 293.1 billion, which seems to be the highest since the record began in 1992, the commercial department said Wednesday.
This rising also contributed to the most extensive trade deficit or gap between exports and imports for almost two years.
The tariff also caused political tensions, including China’s retaliation, which was among other measures, along with the tariffs on US products and Google’s anti -monopoli probes.
The speed that China complained about the WTO is to prepare for the trade battle of Beijing.
Wednesday, Bloomberg also reported that the country’s anti -monopoly regulators are preparing to investigate Apple’s policy and app store costs and striking the company’s stocks.
Trump’s movement said Trump’s movement, including duty -free processing for parcel of $ 800, will be a “shock” of some companies, such as shein and Temu, because it weakens the ability to provide ultra low prices. Mark Williams, a Chinese economist at Capital Economics.
But overall, he thought that the impact of the Trump tariff on China would not be too damaged.
“In the case of a wider China economy, this is certainly managed,” he said.
The WTO procedure provides 60 days to the United States and China to solve the dispute through counseling, and at this point, China has the right to request a judge panel.
But it’s not clear how effective the treatment is.
Since the United States does not approve the appointment of a new judge, the final WTO panel, which resolves trade disputes, cannot function.
The United States also ignored the previous discovery of the WTO that the initial tariffs on steel and aluminum were violated against the rules during Trump’s first term.
Jeff Moon, who worked for President Barack Obama’s Chinese trade policy, said he expected the early WTO decision to support China’s status.
However, these cases generally take several years to solve and the appeal procedure is paralyzed, “the final decision will not be issued.”
Former US Trade Representative of the Chinese Secretariat added that Beijing should file a case in order to support the US’s frequently designated positions that undermine the relationship between the rules and the two countries.
In December, China ranked a county with the biggest deficit, and spent more than $ 25.3 billion in the United States than it was purchased.
The European Union, the target of Trump’s tariff threat, had the second biggest gap.
In contrast, the United States enjoyed a small surplus of $ 23 billion in commodity transactions with the UK.
Overall, as imports increased faster than exports, the US trade deficit increased 17% to $ 9184 billion last year.
In December, the trade deficit of goods and services was $ 98.4 billion, the highest since March 2022.
