China’s CommMin Official: New US tariff plan harms WTO system, globalization - Reuters

Dhwani Mehta FXStreet

China’s Assistant Commerce Minister Li Chenggang warned on Wednesday that the second round of the US tariffs on the Chinese goods harms the World Trade Organization (WTO) system and hurts globalization.

The official added that the only correct choice for China-US relations was cooperation.

The Trump administration threatened to slap 10 percent tariffs on an additional $200 billion worth of Chinese goods.

Last hour, Kevin Brady, Chairman of the Health Subcommittee for the House Ways and Means Committee, urged the US President Trump and China’s President Xi to hold a meeting on trade and reach a fair deal.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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