China requested World Trade Organization-led dispute consultations over Trump's tariffs, now as high as 145%.
GENEVA (AN) — China filed a request for World Trade Organization dispute consultations over U.S. President Donald Trump's steep new tariffs, which triggered an escalating global trade war and shook financial markets.
After Trump set a punishing new 145% tariff rate for all Chinese exports to the United States, which includes a combined 20% fentanyl-related tariff imposed in February and March, China responded by escalating its tariffs on imports from the U.S. to China to 125%.
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