Skip to content

Ova News NG

Ova News NG feed V2

Primary Menu
  • HOME
  • NEWS
  • ENTERTAINMENT
  • SPORTS
  • POLITICS
  • WORLD NEWS
  • LIVE FOOTBALL SCORES
  • Home
  • NEWS
  • Tariffs: China To Report Trump To WTO As Canada, Mexico Retaliate
  • NEWS

Tariffs: China To Report Trump To WTO As Canada, Mexico Retaliate

ovanews 5 months ago 2 min read
Share:

The Chinese government said it would be filing a formal complaint to the World Trade Organization (WTO) against the U.S. over President Donald Trump’s decision to impose new tarrifs on imports.

Trump on Saturday signed an executive order imposing new tariffs, including a 25% duty on all imports from Mexico and most products from Canada, along with a 10% tariff on goods imported from China.

According to the Trump administration, the tariffs are aimed at curbing the flow of drugs and undocumented immigrants into the US. However, the policy exposes American consumers to price hikes on a wide range of products, from avocados and sneakers to cars.

In swift response, Mexican President, Claudia Sheinbaum announced retaliatory tariffs, while Canadian Prime Minister, Justin Trudeau introduced “far-reaching” levies targeting American goods.

Also resounding, China’s Ministry of Commerce promised to file a claim with the WTO and take necessary countermeasures to safeguard its interests.

“The unilateral tariff hikes by the US seriously violate World Trade Organization rules,” the ministry said.

According to the Ministry, the move “not only fails to address America’s own issues” but also “disrupts normal China-US economic and trade cooperation”.

The Chinese government, however, failed to disclose measures it hopes to rake.

The tariffs imposed by the US, along with retaliatory measures from other countries, may trigger a trade war that could severely impact the economies of both the US and its targets, and could also potentially effects economies worldwide.

The latest development validates the fears expressed by the Director-General of World Trade Organization (WTO), Ngozi Okonjo-Iweala on January 23 at the World Economic Forum in Davos, Switzerland.

Okonjo-Iweala said Trump’s tariff threats could trigger retaliatory trade wars globally, warning that if allowed, it could have devastating effects on global economic growth.

“If we engage in tit-for-tat retaliation with tariffs of 25% or 60%, we risk plunging the global economy into a situation reminiscent of the 1930s, which led to severe double-digit GDP losses worldwide,” Okonjo-Iweala warned.

“The consequences would be catastrophic, and everyone will bear the cost. We’re very much saying to our members at the WTO, you have other avenues, even if a tariff is levied, please keep calm,” she added.

Tariffs: China To Report Trump To WTO As Canada, Mexico Retaliate is first published on The Whistler Newspaper

Facebook Comments Box
Share:

Related:

  • cropped-fb_img_15824808200841041-modified-2.png
    Sex enhancement drugs: Expert…
    NEWS
  • cropped-fb_img_15824808200841041-modified-2.png
    Tinubu’s Food Security,…
    POLITICS
  • cropped-fb_img_15824808200841041-modified-2.png
    50 per cent of drugs in…
    NEWS
  • Xi, Putin Absent As BRICS Nations Meet In Rio
    Xi, Putin Absent As BRICS…
    NEWS
  • cropped-fb_img_15824808200841041-modified-2.png
    NDLEA Seizes Over 27,000kg…
    NEWS

Continue Reading

Previous: Normalcy Returns To Kuje After Policeman Accidentally Shot Civilian
Next: How Young Family Of Four Died In Washington Plane Crash
  • Recent
  • First Lady, Tinubu pushes for seat reservations for women in Parliament
    • NEWS

    First Lady, Tinubu pushes for seat reservations for women in Parliament

  • Gov Namadi reveals reason for state of emergency in Jigawa’s basic education
    • NEWS

    Gov Namadi reveals reason for state of emergency in Jigawa’s basic education

  • Atiku, ADC ‘window shoppers’ – Ex-PDP legal adviser Jacob mark
    • NEWS

    Atiku, ADC ‘window shoppers’ – Ex-PDP legal adviser Jacob mark

  • Ex-Governor Ikpeazu condoles late Obisia Nwakpa’s family as burial date announced
    • NEWS

    Ex-Governor Ikpeazu condoles late Obisia Nwakpa’s family as burial date announced

  • WAFCON 2024: Super Falcons defender Ohale wants another clean sheet against Botswana 
    • NEWS

    WAFCON 2024: Super Falcons defender Ohale wants another clean sheet against Botswana 

  • I’m afraid of returning to Liverpool – Salah reacts to Jota’s death
    • SPORTS

    I’m afraid of returning to Liverpool – Salah reacts to Jota’s death

  • Reekado Banks raises concerns over music executive exploiting upcoming artists
    • ENTERTAINMENT

    Reekado Banks raises concerns over music executive exploiting upcoming artists

  • Breaking: Court Convicts Natasha Uduaghan Of Contempt, Ordered To Pay N5m
    • NEWS

    Breaking: Court Convicts Natasha Uduaghan Of Contempt, Ordered To Pay N5m

  • I’m no longer sure of marrying my babymama – Singer Reekado Banks makes U-turn
    • ENTERTAINMENT

    I’m no longer sure of marrying my babymama – Singer Reekado Banks makes U-turn

  • Breaking: Court Orders Senate To Recall Suspended Senator Natasha
    • NEWS

    Breaking: Court Orders Senate To Recall Suspended Senator Natasha

  • First Lady, Tinubu pushes for seat reservations for women in Parliament
    • NEWS

    First Lady, Tinubu pushes for seat reservations for women in Parliament

  • Gov Namadi reveals reason for state of emergency in Jigawa’s basic education
    • NEWS

    Gov Namadi reveals reason for state of emergency in Jigawa’s basic education

  • Atiku, ADC ‘window shoppers’ – Ex-PDP legal adviser Jacob mark
    • NEWS

    Atiku, ADC ‘window shoppers’ – Ex-PDP legal adviser Jacob mark

  • Ex-Governor Ikpeazu condoles late Obisia Nwakpa’s family as burial date announced
    • NEWS

    Ex-Governor Ikpeazu condoles late Obisia Nwakpa’s family as burial date announced

  • WAFCON 2024: Super Falcons defender Ohale wants another clean sheet against Botswana 
    • NEWS

    WAFCON 2024: Super Falcons defender Ohale wants another clean sheet against Botswana 

SECTIONS

  • ENTERTAINMENT
  • NEWS
  • POLITICS
  • SPORTS
  • WORLD NEWS

Get all Latest Ova News Feeds on the Go! 👋

Sign up to receive all Our latest News content Recap in your inbox every weekend.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Quick Links

  • News
  • Entertainment
  • Live Football Scores
  • Premier League Scores

Legal

  • Terms of Use
  • Privacy Policy

Connect with Us

  • Contact Us
  • Advertise
Copyright © 2025 Ova News Network | Created by Ben Ova O. | All Rights Reserved.
pixel