Old Mo's news is here:
On April 9, the Tariff Commission of the State Council of China announced an adjustment to the tariff rate specified in the "Announcement of the Tariff Commission of the State Council on Increasing Tariffs on Imported Goods Originating from the United States," raising it from 34% to 84%.
A spokesperson for the Ministry of Commerce announced today that China has filed a lawsuit against the U.S. regarding the latest tariff measures under the WTO dispute resolution mechanism.
The so-called "counter-tariff" measures by the U.S. severely violate WTO rules, and the additional 50% tariff is compounding errors, highlighting the unilateral bullying nature of U.S. measures. China will firmly defend its legitimate rights and interests according to WTO rules and steadfastly maintain the multilateral trading system and international economic and trade order.
It still has to be big China!
