There is yet another chapter to add in the ever-growing story of the trade war between the United States and China.
The Chinese government on Tuesday filed a complaint with the World Trade Organization (WTO) over the Trump Administration’s tariffs on imported steel and aluminum.
The tariff seems to be the most contentious point in the ongoing tit-for-tat between the two largest economies in the world. President Donald Trump says these tariffs are a matter of national security and are in response to what the United States claims is theft of intellectual property or strong-arming trade secrets from U.S. companies doing business with China.
China is asking for a 60-days negotiating period, with the United States, for these tariffs. Chinese President Xi Jinping announced China will lower tariffs on U.S. automobiles exports, a move they hope will bring the United States to the bargaining table. If a trade agreement cannot be reached in 60 days, China could request a WTO ruling.