China initiates WTO dispute procedure against U.S.


China’s commerce ministry on Wednesday said it has initiated a World Trade Organization (WTO) dispute procedure against the U.S. 301 tariffs investigation, amid an escalating trade dispute between the world’s two largest economies.

China earlier on Wednesday said it would impose new tariffs on 106 U.S. products ranging from autos, soybean and whisky worth $50 billion of 2017 imports, countering a U.S. announcement of tariffs on an estimated $50 billion worth of Chinese goods.

Agency Report