Connect with us

Hi, what are you looking for?


China lodges complaint at WTO over US

GENEVA, Sept 14 – China on Monday hauled the United States to the World Trade Organisation over what it alleged were unfair tariffs imposed by Washington on Chinese tyre imports.

"On September 14, China put forward a formal request for consultations with the United States under the WTO dispute settlement mechanism on the US special safeguard measures against Chinese tyres," said the Chinese embassy in a statement.

"China believes that the above-mentioned measure by the United States, which runs counter to relevant WTO rules, is a wrong practice abusing trade remedies," it added.

The White House on Friday imposed punitive duties of an extra 35 percent on Chinese-made tyres amid warnings that a surge in the Chinese-made goods had cost more than 5,000 jobs in the United States.

Beijing and Washington now have 60 days to hold bilateral consultations on the issue. If it is not resolved at the end of the period, the WTO would rule on it.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...