By Olivia Le Poidevin
China filed a new complaint with the World Trade Organization on Wednesday after earlier telling the world trade body that U.S. tariffs on Beijing are “reckless” and threaten to further destabilise global trade.
“The situation has dangerously escalated. …As one of the affected members, China expresses grave concern and firm opposition to this reckless move,” China said in a statement to the WTO, sent to Reuters by the Chinese mission in Geneva.
U.S. President Donald Trump’s tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, escalating a global trade war.
Trump says the tariffs are necessary to end U.S. trade deficits with many of its trading partners.
China responded by raising its tariffs on U.S. imports to 84% from 34%, while the European Union will launch its first countermeasures, mostly consisting of 25% duties, next week.
“While China opposes trade wars, it will firmly
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