China sued the US to the World Trade Organization
reports Mehr News Agency It has also announced a 5 percent of American goods, the most serious intensification of the trade war with US President Donald Trump. The move has reinforced concern about the recession and has affected the global stock market.
Permanent representative China in the World Trade Organization announced in a statement that China ‘s complaint to the World Trade Organization. Style = “Text-Align: Justify”> has provided US actions in relation to . The organization announced that new tariffs will openly violate the rules of the WTO.
Trump announced last Wednesday that in addition to the 5 % tariff that had been put in early this year , China will face a 5 % tariff It reaches 2 percent and close to the 2 percent threatened during the campaign.
Chinese exporters, like other economies around the world, will face a 5 % basic tariff, as part of the new 2 % tax, before the residual tariffs are implemented from April 1, China urged the United States on Thursday to cancel its recent tariffs.
In the stalemate between the world’s top two economies, Beijing also announced the export control of some of the rare earth elements he dominated. China Friday , as part of its widespread response to Donald Trump’s tariffs, imposed export restrictions on rare earth elements and reduced the supply of minerals used in the manufacture of weapons, electronics and a wide range of consumer goods to the West.
The move, which Beijing has long pointed to its probability, enhances the trade tensions between the two major economies of the world and efforts to provide American producers to provide new vital mineral resources. China produces about 2 percent of the world’s rare soils, and the United States only has rare earth elements and most of its sources are supplied from China.
This action that affects exports to all countries and not only America is the latest sign of the ability to China to control the extraction and processing of vital minerals.
Two industrial sources said export restrictions China are worrying about some rare earthly elements for some US aerospace manufacturers because they are produced only from China for use in avionics equipment. Beijing has previously banned the export of three metals to the United States and controlled many other metals.
Reuters report, the Secretariat of the World Trade Organization Day Friday confirmed Reuters that he received a consultation request from China.
