US-China trade tensions sharply escalate

In a move that threatens to trigger a major trade conflict, US President Barack Obama last Friday signed an order to impose a 35 percent tariff on Chinese-made tyre imports over the next three years. The drastic US action and China’s rapid response, with antidumping investigations into US auto and poultry imports, has shocked economic commentators, provoking fears of a wider trade war. On Monday, China formally took the US to the World Trade Organisation (WTO) over its auto parts and poultry imports.

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