In the trade war with America, China seems to be doing things by the book. Like filing a complaint against American tariffs with the World Trade Organization (WTO). That doesn’t look good for America. Simply put, Washington wrote the free trade rules which now challenge its own position, imposing tariffs on its trade partners. “This assessment is based on the 2003 WTO ruling during the Bush administration when the U.S. imposed steel tariffs on China due to a ‘surge in steel imports,’” explains Brusuelas.

Source: Forbes September 02, 2018 15:11 UTC