China condemns US ‘tariff shocks’ at WTO

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Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of Mr Donald Trump’s economic policy. PHOTO: BLOOMBERG GENEVA – The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said on Feb 18 at the World Trade Organisation (WTO). After returning to office on Jan 20, Mr Trump hit China, the world’s second-biggest economy, with an additional 10 per cent levy on products entering the United States. Mr Trump signed executive orders last week imposing new 25 per...