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MNI: WTO First Step For China In US Tariff Response - Advisors

MNI (Singapore)
MNI (Beijing)

China could take the U.S. to the WTO over new-energy product tariffs.

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China is likely to file a WTO dispute against the U.S. over its move to hike tariffs on Chinese new energy products instead of tit-for-tat retaliation, policy advisors told MNI.

The economic impact of many of the measures announced by U.S. President Joe Biden on May 14, including a 100% tariff on Chinese electric vehicles will be limited in the short term, noted He Weiwen, a former economic and commercial counsellor at the Chinese Consulate General in San Francisco and New York. But, He added, whoever wins the next U.S. presidential election could escalate, potentially imposing import restrictions on new energy products using more than a fixed proportion of Chinese parts.

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China is likely to file a WTO dispute against the U.S. over its move to hike tariffs on Chinese new energy products instead of tit-for-tat retaliation, policy advisors told MNI.

The economic impact of many of the measures announced by U.S. President Joe Biden on May 14, including a 100% tariff on Chinese electric vehicles will be limited in the short term, noted He Weiwen, a former economic and commercial counsellor at the Chinese Consulate General in San Francisco and New York. But, He added, whoever wins the next U.S. presidential election could escalate, potentially imposing import restrictions on new energy products using more than a fixed proportion of Chinese parts.

Keep reading...Show less