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Analysts: China's WTO Complaints Against US Tariffs Won't Help Ease Trade
Frictions

Joyce Huang

   China has filed a lawsuit with the World Trade Organization after the
   U.S. on Sunday began to impose 15% tariffs on the first batch of $300
   billion (US dollars)-worth of Chinese imports.
   To retaliate, Beijing also levied new 5-10% duties on the first batch
   of US$75 billion-worth American imports including crude oil-- the
   latest escalation of their trade war.
   While some analysts laud Beijing's efforts to honor multilateralism,
   others say such a move will only expose the Geneva-based trade
   organization's inability to solve the dispute between the world's two
   largest economies, and further undermine its credibility.

   Osaka consensus

   On Monday, China's Ministry of Commerce said in a statement that
   Washington's latest tariff action has seriously violated the consensus
   reached between U.S. President Donald Trump and Chinese President Xi
   Jinping during their G20 summit in Osaka, Japan.

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