China files WTO challenge over US tariffs, as its economy slows - business live
(The Guardian China)

All the day´s economic and financial news, including new growth figures from China and the IMF´s latest World Economic OutlookLatest: China challenges US tariffs at WTOChinese growth slows to 6.7% in Q2 2018Industrial production growth slowed, but retail picked upRobot demand has slowed Beijing warns of `increased uncertainties´Coming up: IMF growth forecasts at 3pm BST 10.57am BST Just in: the Eurozone suffered a drop in exports in May, narrowing its trade surplus with the rest of the world.However, the euro area´s trade surplus with America has grown - which will not please Donald Trump. Related: Trump calls European Union a `foe` - ahead of Russia and China 10.33am BST Here´s Associated Press´s take:China announced it filed a World Trade Organization challenge on Monday to U.S. President Donald Trump´s proposal for a tariff hike on $200bn of Chinese goods, reacting swiftly amid deepening concern about the economic impact of their spiraling technology dispute.The one-sentence Commerce Ministry statement gave no legal grounds for the challenge or other details. It is an unusually rapid move for a trade case, coming less than one week after the U.S. Trade Representative [USTR] announced the tariff plan, which wouldn´t take effect until at least September.China files WTO challenge to US $200 billion tariff plan. https://t.co/b9i3vywLy2 10.22am BST This is a swift move by China.By appealing to the WTO, Beijing is signalling that it won´t accept America´s proposal to slap 10% tariffs on a wide range of imports - from meat and vegetables to chemicals and consumer products (plus plenty of unusual items). Related: From eels to anvils: Trump`s new China tariffs revealed 9.50am BST Newsflash: China has filed a complaint with the World Trade Organisation over America´s latest threat to impose levies on Chinese imports.According to Associated Press, Beijing is protesting about the plan to hit $200bn of Chinese goods with a new 10% tariff (probably starting in September) ...