China files complaint with WTO over new US tariffs ...0

Earlier, China announced retaliatory additional tariffs of 34% on U.S. goods, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and touched off a global stock market rout.

The new tariffs blatantly violate WTO rules, it added.

ALSO READ: China hits back hard in global trade war with tariffs on US goods

Chinese exporters, like those from other economies around the world, will face a 10% baseline tariff, as part of the new 34% levy, on almost all goods shipped to the world’s largest consumer economy from Saturday before the remaining, higher “reciprocal tariffs” take effect from April 9.

The WTO Secretariat confirmed to Reuters on Friday that it had received the request for consultations from China.

Bilateral consultations are the first stage of formal dispute settlement. If no solution is found within 60 days, China could request adjudication by the Geneva-based organisation's Dispute Settlement Body.

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