China files WTO challenge against latest USA tariff plan

US-China trade war: Beijing's trade surplus swells as exporters rush shipments before tariffs go into effect

Trade war the US is gaining momentum

China's trade surplus with the U.S., which is at the center of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to Reuters calculations based on official data going back to 2008.

"It is the common duty of Europe and China, but also America and Russian Federation, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history", Mr Tusk said in Beijing.

Last week, the ministry said it would immediately file a complaint to the WTO against what it called U.S. unilateralism.

As reported by Deutsche Welle (DW), Germany's worldwide broadcaster, both sides are expected to express their support for a rules-based global trading system, governed under the auspices of the World Trade Organization (WTO).

Launched Jan. 1, 1995 as the successor to the General Agreement on Tariffs and Trade, the WTO's mission is to facilitate free and fair trade. US stocks were poised for a flat opening with Dow futures and the broader S&P 500 futures down 0.1 percent.

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China, he said, is a foe "economically... but that doesn't mean they are bad". Members are barred from discriminating against each other in their trade practices, meaning China's exports were shielded from protectionist moves by other countries. USA exports to China were only about $130bn past year.

In a series of articles published by China Media Group since July 10, the broadcaster urged citizens to "forbear any temporary losses in their daily lives" in order to "overcome troubles together with the country", alluding to any price increases or goods shortages that may arise after tariffs go into effect.

Experts say China will likely be looking to establish some kind of anti-U.S. alliance that Beijing could use as a counterbalance to the United States amid its tariff dispute with the US president.

Nonetheless, European officials suggest that Trump, who has also targeted Europe with tariffs, has created a window of opportunity to show that EU-China relations can be a bulwark for global trade.

The Trump administration is still considering the auto tariffs and, later this week, the U.S. Department of Commerce will hold hearings on whether it can impose them over national security concerns, much like it did for steel and aluminum.

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Hailing the significance of the EU-China comprehensive strategic cooperation, Tusk and Juncker expressed their gratitude for China's support for European integration.

Foreign Affairs Minister Chrystia Freeland has called Washington's metal tariffs absurd and illegal because they've been applied on the premise that Canada represents a national security threat to the U.S.

Yes, though it could take a while.

The unprecedented, cross-border tensions have presented big challenges for the Canada-U.S. trading relationship. An Airbus-Boeing dispute, for example, took more than a decade to produce a final ruling.

"The tariffs imposed by the United States on Canadian steel and aluminum are unacceptable and illegal". Beijing responded by vowing to retaliate and file a complaint to the WTO.

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Trump has also imposed tariffs on steel and aluminum imports on a host of trade partners including Canada and the EU. Ahead of the meeting, the central bank released its accompanying policy report which showed US economic growth and the Fed expecting to keep raising rates gradually. That tactic was used in disputes with other Asian countries.

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