China to challenge US tariffs under WTO, commerce ministry says
World Trade Organization, the Chinese commerce ministry said on Sunday.
Budget with ET
Budget Highlights: Gareeb, youth, annadata and naari feature in Budget. What about taxes?
New vs Old tax regime: Here's a decoder to help you choose the right one
Will you pay more under new tax regime or old? Calculate here
The imposition of tariffs by the U.S. «seriously violates» WTO rules, the ministry said in a statement, urging the U.S. to «engage in frank dialogue and strengthen cooperation.»
Also Read: Donald Trump imposes 25% tariffs on Mexico, Canada and 10% on China risking trade war
U.S. President Donald Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday, risking a new trade war that economists said could slow global growth and reignite inflation.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
