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invoking the international emergency economic powers act (IEEPA)....

February 3, 2025 - 16:50 -- Admin

China will file a lawsuit at the World Trade Organization (WTO) and take other retaliatory measures against US President Donald Trump’s new tariffs on its goods, the Commerce Ministry said in a statement on Sunday. According to the statement, Beijing sees Washington’s unilateral tariff increase as “seriously violating” WTO rules.

Trump announced new tariffs on China, Mexico, and Canada on Saturday, citing concerns over the three countries’ failures in stemming the flow of migrants and illegal drugs, such as fentanyl, into the US. In order to hike the tariffs, Trump declared a national economic emergency, invoking the International Emergency Economic Powers Act (IEEPA), which authorizes the president to unilaterally manage imports.

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