China sending trade envoy to Washington for talks

China sending trade envoy to Washington for talks

Earlier this month, the Trump administration announced it would impose 25 percent tariffs on $16 billion worth of Chinese imports beginning August 23.

China on Tuesday launched the World Trade Organization (WTO) dispute settlement procedure over USA safeguard measures on imported photovoltaic products and subsidies for its renewable energy products, the Ministry of Commerce said.

The U.S. measures are suspected of violating WTO Agreement on Safeguards.

Since the start of the year, the United States has been wielding tariffs against its trading partners worldwide to alter what President Donald Trump calls "unfair trade practices".

The USTR accused China of using state incentives, subsidies and tariffs to increase production and said manufacturers had evaded US tariffs by repeatedly shifting production to new countries. "I think China chose to bring it up in order to keep up the rhythm of the trade dispute", he said. Mexico's economy minister, Ildefonso Guajardo, said the tariffs will affect some 3 billion dollars in value terms. On the same day, Turkey's imposition of tariffs on 266.5 million dollars of US goods took effect.




The new round of tariffs marked the completion of Trump's threat to impose $50 billion of import taxes on Chinese goods, the first $34 billion of which went into effect on July 6.

On June 22, the European Union levied duties of 25 percent on 2.8 billion euros (3.2 billion dollars) of US imports in retaliation of Washington's steel and aluminum tariffs. The president has also said the tariffs have been created to promote better trade deals.

The White House announced plans for "safeguard tariffs" over four years in January, starting at 30 per cent and incrementally falling to 15 per cent.

China lodged its challenge at the WTO on Tuesday, the statement said. Beijing responded with similar penalties.

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