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The World Trade Organisation (WTO) recently allowed China to impose $3.6 billion in sanctions against the United States in a case that predates the tariff war now. The damages awarded are the third highest in WTO’s history, according to a WTO document. The amount is about half of that requested by C
A hike in Chinese tariffs on most US imports on a $60 billion target list became effective on June 1 as scheduled, which is being viewed as Beijing’s retaliation to Washington’s escalation of the ongoing trade war between the two. Announced on May 13, the decision applies additional 20-25 per cent t
