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China lodges tariff case at WTO against the U.S.

China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday, September 2.

The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the latest escalation in their trade war.

China did not release details of its legal case but said the U.S. tariffs affected $300 billion of Chinese exports.

China will defend its legal rights

The latest tariff actions violated the consensus reached by leaders of China and the United States in a meeting in Osaka, the Commerce Ministry said in the statement. China will defend its legal rights in accordance with WTO rules, it said.

The lawsuit is the third Beijing has brought to challenge U.S. President Donald Trump’s China-specific tariffs at the WTO, the international organization that limits the tariffs each country is allowed to charge.

Trade frictions negatively affect US companies operating in China

The trade frictions between the world's two largest economies are negatively impacting U.S. companies operating in China. A survey conducted by the U.S.-China Business Council (USCBC) showed that nearly half of the respondents report lost sales and ceding market share to foreign competitors, and 37 percent of respondents indicate lost sales in China as a result of the trade tensions.

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