China to Continue Implementing Retaliatory Measures Against US Tariffs, Asserting Trump's Reciprocal Taxes Will Result in 'Defeat'

In a significant move, China has approached the World Trade Organization (WTO) to seek dispute resolution with the United States, in response to the US tariff hike. This action indicates China's commitment to resolving trade disputes through international legal channels.

The WTO's dispute settlement process allows for negotiations between the involved parties. However, as of now, the US has not yet responded to China's request for dispute consultations at the WTO, nor has it made any official statement regarding this matter.

China opposes the US tariff hike, viewing it as a violation of international trade agreements. The Ministry of Commerce in China has stated that trade wars harm everyone, echoing a sentiment that suggests a preference for diplomatic resolution over escalation.

If negotiations fail, the WTO can authorize the imposition of trade sanctions by China against the US. However, it's important to note that the WTO's dispute settlement process can take several months to complete.

Meanwhile, Vietnam has also taken action against China at the WTO, requesting dispute resolution regarding violations related to island groups. This indicates a growing trend of countries turning to the WTO to resolve trade disputes.

It's worth noting that China is prepared to take resolute measures in defense of its interests and sovereignty. However, its approach to the WTO suggests a preference for peaceful resolution over confrontation.

The US has not yet announced any plans to withdraw from the WTO's dispute settlement process. The potential resolution of the ongoing trade dispute between China and the US through the WTO's dispute settlement process could mark a significant step towards easing tensions and fostering global economic cooperation.

In conclusion, China's request for dispute consultations at the WTO marks a significant escalation in the ongoing trade dispute with the US. However, it also offers a potential path towards resolution through diplomatic means, underscoring the importance of the WTO's role in resolving international trade disputes.