CHINA’S tariffs on imported products from the United States worth about US$16 billion took effect at 12:01 p.m. Thursday. In response to a U.S. tariff move against Chinese products, China decided to impose additional duties of 25 percent on U.S. products, according to a statement of the Customs Tariff Commission of the State Council. Also, on the same day, China said it will file a complaint with the World Trade Organization against U.S. tariffs on US$16 billion worth of Chinese goods under the Section 301 investigation, according to the Ministry of Commerce. By launching the complaint under the WTO dispute settlement mechanism, China is to safeguard free trade and multilateral mechanisms as well as its legitimate rights and interests, an MOC spokesperson said in an online statement. (Xinhua) |