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China is set to ask the WTO for permission to impose sanctions on the US

2018-09-12 10:18:28       source:CNBC

September 11, 2018

China will seek permission from the World Trade Organization (WTO) to impose sanctions on the U.S. next week, according to the WTO's meeting agenda.

The request comes at a time of escalating trade tensions between the world's two largest economies, with President Donald Trump saying last week he was "ready to go" on tariffs for another $267 billion on Chinese goods "if he wants."

That would follow planned charges on $200 billion of Chinese goods in several industries, including technology. Beijing has vowed to retaliate if the U.S. takes any new steps on trade.

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