China files challenge with the World Trade Organization on latest round of tariff proposals

On July 16, China filed a challenge with the World Trade Organization (WTO) on the latest round of major U.S. tariff proposals, valued at $200 billion, issued on July 10. China has been consistently quick to lodge complaints with the WTO over U.S. tariff action since it began in March with the issuance of tariffs on steel and aluminum. In each case of U.S. tariffs affecting Chinese goods, China has struck back in kind with tariffs affecting U.S. goods. However, according to the AP, “China’s lopsided trade balance means it will run out of U.S. imports for penalty tariffs before Washington does. Beijing is trying to recruit support, so far in vain, from Europe, South Korea and other governments.” — WLJ