China calls US repeat abuser of world trade rules

Shanghai:China accused the US of "repeatedly abusing" international trade rules, as Beijing braced on Thursday for an imminent announcement from President Donald Trump slapping more tariffs on Chinese imports.
A World Trade Organization ruling against Obama-era anti-subsidy tariffs on Wednesday handed China's commerce ministry ammunition to criticize Washington's conduct in trade affairs.
The ruling "proves that the US side has violated WTO rules, repeatedly abused trade remedy measures, which has seriously damaged the fair and just nature of the international trade environment and weakened the stability of the multilateral trading system," the ministry said.
There are growing fears that the world's two largest economies could be sliding toward a trade war as Trump seeks to fulfill election campaign promises to get tough with China over its huge surplus with the US.
Trump is expected to announce by Friday tariffs on Chinese imports worth up to $60 billion, and Beijing, according to the Wall Street Journal, has prepared retaliatory measures.
In the statement posted on its website late on Wednesday, the commerce ministry urged the US to provide Chinese companies with a "fair and stable international trade environment."
The WTO ruled the US had not fully complied with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products. However, it also supported the US claim that Chinese exporters were getting subsidies from "public bodies," despite Beijing's assertions to the contrary.
China went to the WTO in 2012 to challenge US anti-subsidy tariffs on Chinese exports including solar panels, wind turbines, steel cylinders and aluminum extrusions.
The tariffs that Trump is expected to announce will aim at curbing theft of US technology by China.
US Trade Representative Robert Lighthizer said on Wednesday they would target China's high technology sector and there could also be restrictions on Chinese investments in the US. Other sectors like apparel could also be hit.
An editorial in the state-run China Daily newspaper said the world should stand together to prevent a trade war, warning that China would not be the Trump administration's only target.
"Since the US seems unlikely to mend its ways, other countries should stop hoping they will be spared its protectionist shots and become more resolute in standing firm against them," the newspaper said. Agencies
Source: Agencies


  
  

Comments


No comments yet! Be the first one to leave a comment.


Add Comment

Name:
Email:
Comment:

More World News


Saudi Arabia joins global pledge to protect disabled rights ..


Houthis accused of threatening world's electricity supplies ..

- Iran's Revolutionary Guards' chief warns Trump: 'If you begin the war, we will e
- Can Lebanon control cannabis cultivation?
- How Saudis are adapting to fast-changing life in the Kingdom
- China chides Iran over threat to block oil exports through Strait of Hormuz
- Once Karachi's largest party, MQM faces its toughest polls
- Trump approves plan to impose tough China tariffs
- Malaysia's ex-leader Najib Razak questioned again in corruption scandal
- Despite deal, Syrian forces fighting to finish rebels
- Could Saudi Arabia become the China of the Middle East?
- Israel launches new air raid on Hamas in Gaza
- Bangladesh court orders release of opposition leader Zia
- Rouhani says Iran will fiercely resist US pressure to limit its influence
- Macron reiterates need to keep Iran nuclear deal
- Market changes prompt Gulf State oil firms to explore new business models
- Myanmar military assures UN of 'harsh' action on sexual assault
- Drill bit manufacturer sets standards in Saudization
- Chennai Super Kings look to continue domination against struggling Mumbai Indian
- US builds drone base in Niger, crossroads of extremism fight
- Hamas fighter killed in Israel airstrike in Gaza strip
- Challenges ahead as KSA looks to long-term OPEC-Russia oil deal

Related News

US-China trade war to weigh on South Korean economy
Seoul:South Korea's finance minister warned that an all-out trade war between the US and China would have grim implications for th .. read more
Trump says US trade deficit with Beijing unfair, adds 'I don't blame China'
Beijing:US President Donald Trump decried his country's "one-sided and unfair" trade deficit with Beijing on Thursday, but he told .. read more
US Takes India Back To World Trade Organisation In Solar Power Dispute
Geneva, Dec 20:India has failed to comply with a World Trade Organisation ruling on solar power, the United States will tell the W .. read more
FIFA grants media rights in China to CCTV until 2022
Nov 1:FIFA has extended its rights deal with China's state broadcaster which has run since the 1978 World Cup. The global soccer b .. read more
China weighs whether to retaliate over Trump's tariff hikes
Beijing:After threatening to retaliate if President Donald Trump raised trade barriers, Chinese leaders need to decide whether his .. read more

More Related News

- Trump approves plan to impose tough China tariffs
- Deja vu for England coach Gareth Southgate at World Cup draw
- Modi avoided critical issues during 'casual' China visit: Sena
- China says South China Sea island developments nearing completion, more expected
- Agni-5 missile test launch poses fresh worry for China
- India slaps higher import duties on steel, agri products in retaliation to US tariff hikes
- China chides Iran over threat to block oil exports through Strait of Hormuz
- Tourism-wise, 2017 has been the best year for Telangana
- TET marks to get 20% weightage in selection for Teachers' post
- Orders issued for preparation of fresh Electoral Rolls of MBNR, RR-Hyd Teachers' Constituency

More Latest News:

- Musi clean-up gains pace
- TS issues guidelines for implementing Economic Support Schemes
- Telangana will protect sericulture farmers, says Etela Rajender
- Global meet on blockchain in Hyderabad
- 200 check dams coming up in Telangana
- Fighting rain, flood for Medigadda dream
- Break silos, make government seamless for people: President Kovind to newly recruited IAS officers
- PM Narendra Modi wishes former Tamil Nadu CM Karunanidhi speedy recovery
- Ahmedabad 2008 serial blasts accused gets bail
- Congress leader Jairam writes to NMML director over confusion for museum approval
- PNB scam: Fugitive jeweller Mehul Choksi says he took Antigua citizenship last year to expand business
- Eye test can now detect early signs of dementia, says study
- India vs Essex Practice Match: India's frontmen dazzle, sidekicks falter
- Hopeful to be part of England squad in World Cup 2022, says Phil Foden
- Twenty young boys and girls to represent India at Junior NBA World Championship
- Mission: Impossible Fallout box office prediction: The Tom Cruise film will earn Rs 10 crore on Day 1
- Saheb Biwi Aur Gangster 3 movie review: The weakest link is Sanjay Dutt's gangster
- Saudi Arabia joins global pledge to protect disabled rights
- Iran's Revolutionary Guards' chief warns Trump: 'If you begin the war, we will end it'
- Houthis accused of threatening world's electricity supplies
- Youth, woman held for murder
- Rahul Gandhi congratulates ragpicker's son for cracking AIIMS entrance test
- Cows are safer than women in the country, says Shiv Sena chief Uddhav Thackeray
- Bihar clears new liquor bill, CM Nitish says prohibition for betterment of poor
- 'Do not stop writing': Kerala CM Pinarayi Vijayan backs writer Hareesh over novel controversy
This page was created in 0.0614190101624 seconds