China blasts US solar tariffs, takes WTO action

Campaign launched in Senegal to support Turkish brands

China blasts US solar tariffs, takes WTO action

China officially filed a complaint with the World Trade Organisation (WTO) on Tuesday, claiming that the solar import tariffs imposed by the U.S. and its subsidies for local products harm China's legitimate rights and interests and clash with WTO rules.

BEIJING-China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with U.S. President Donald Trump over trade and technology. China's Ministry of Commerce said the 30 percent tariffs announced in January violates WTO rules.The fees also apply to imports of solar cells and units from Europe, Canada, Mexico and South Korea, Increasing strained relations with U.S. allies.

The U.S. solar action "seriously damaged China's trade interests" and "also affects the seriousness and authority of WTO rules", said a Commerce Ministry statement.

The move is not expected to have an immediate impact on China's major solar manufacturers, including GCL (0451.HK), Jinko Solar (JKS.N) and Canadian Solar CSOQ.O, as their exposure to USA markets was reduced after earlier trade disputes. On the same day, Turkey's imposition of tariffs on 266.5 million dollars of USA goods took effect.

Erdogan says Turkey to boycott USA electronic goods
Qatar said it would provide "a host of economic projects, investments and deposits" worth $15 billion to support Turkey's economy. Brunson's lawyer said on Tuesday he had launched a fresh appeal to a Turkish court for the pastor's release.

Sprint, LG Aim to Bring First 5G Smartphone to US Next Year
The list of the cities to get 5G connectivity include-Atlanta, Chicago, Dallas, Houston, Los Angeles, Phoenix and Washington DC. Apart from 5G, the new phone will also have the Snapdragon 855 chipset, better cameras, and other flagship features.

Saudi Government Does Complete U-Turn, Deems Crypto Trading Illegal
The committee has also warned that cryptocurrency activities being promoted are outside the scope of the government. The watchdog's remit was to inform relevant authorities of any trading or investments in forex or cryptocurrency.

"The solar problem has existed for years". USA officials say such action is necessary because the WTO lacks the ability to address Chinese trade tactics.

The United States has accused China of using subsidies and bulk manufacturing capacity to drive down prices and put USA competitors out of business.

China claims its manufacturers have benefited not from direct subsidy but from a fiercely competitive environment that has driven down costs. Only a fraction went to the United States, with India the biggest market.

Trump, in recent months, has frequently complained that other countries are treating the U.S.as a "piggy bank" and that the U.S.is being "robbed" by their trade policies.

Latest News