18 June, Monday


China leads charge against U.S. tariffs at WTO meeting

Economy

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Major trading partners of the United States expressed both commercial and systemic concerns about its tariffs plan on Wednesday and said they feared tit-for-tat trade actions, a World Trade Organization (WTO) spokesman said.
 
China kicked off the debate about the planned tariffs on steel and aluminum at the closed-door meeting. Delegations taking the floor included the European Union, Canada, Turkey, Russia, Australia, South Korea, Japan, Mexico, India and Brazil.
 
“We fear that the United States may be opening a Pandora’s Box that we would not be able to close,” a trade official quoted Canada’s ambassador as saying.

Reuters

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