Trump defends tariffs, says US 'was built' on taxing imports

Aug 18, 2018, 02:15
Trump defends tariffs, says US 'was built' on taxing imports

China's "Request for Consultations" to the United States WTO delegation cites numerous issues with the United States' decision to impose tariffs, specifically as it pertains to the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards.

On March 23, the United States implemented additional tariffs of 25 percent on steel and 10 percent on aluminum, exempting Argentina, Australia, Brazil, Canada, the European Union (EU) and Mexico.

Beijing said that both the solar panel safeguard duties and and the renewable energy incentives violate numerous WTO rules and have discriminated against companies in its own burgeoning clean energy sector.

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WTO complaints begin with negotiations between the parties to the conflict.

On May 31, Canada announced it would impose "dollar-for-dollar" tariffs on 16.6 billion Canadian dollars (12.7 billion dollars) worth of US imports on July 1 if Washington does not drop its steel and aluminum tariff threat.

U.S. President Donald Trump on Wednesday morning took to Twitter, as he often does, to lambaste some of his favourite targets: the U.S. Justice Department, the "rigged Russian witch hunt" (a.k.a. the Robert Mueller investigation), and of course, undocumented immigrants.

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"President Trump has only imposed tariffs".

Many users on Twitter are pointing out the holes in Trump's latest tweet.

The new round of tariffs marked the completion of Trump's threat to impose $50 billion of import taxes on Chinese goods, the first $34 billion of which went into effect on July 6.

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"As the US measures severely damaged Chinese trade interests, China's choice to resort to the WTO dispute settlement mechanism is a necessary move to safeguard its legitimate rights and interests and multilateral trade rules", a spokesperson with the ministry said.