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China formally notifies the WTO of retaliatory tariffs against U.S.

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Reuters GENEVA
Last Updated : Apr 03 2018 | 9:16 PM IST

GENEVA (Reuters) - China has notified the World Trade Organization it is imposing $611.5 million worth of retaliatory tariffs on $2.75 billion worth of U.S. imports including pork, nuts and ethanol in response to U.S. duties on aluminium and steel, a WTO document showed.

The document, dated last Thursday but posted only after the Easter public holidays, came after China said late on Sunday it has increased tariffs by up to 25 percent on 128 U.S. products, escalating a dispute between the world's biggest economies.

China has fulfilled its legal duty to notify the WTO and other member states of its retaliatory measures.

(Reporting by Stephanie Nebehay; Editing by Adrian Croft)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Apr 03 2018 | 9:07 PM IST

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