US solar tariffs violate trade rules - WTO complaint

Lebanese businesspeople come to support of Turkish lira

US solar tariffs violate trade rules - WTO complaint

According to a poll by Reuters, Chinese residents at the street level are largely unbothered by US President Trump's bluster and swapping of trade war rhetoric with China, though some mixed feelings on exactly how China should respond to the US. Trump announced earlier this year that he would impose global tariffs of 25% on imported steel and 10% on aluminum, citing national security concerns.

China has accused the United States of severely distorting the renewable energy market as trade tensions escalate between the world's two largest economies.

The US introduced its safeguard tariffs in January this year. The exemption for Canada, the European Union and Mexico expired on June 30 and Washington refused to extend it. In addition to those tariffs, China is dissatisfied with the subsidies the United States provides to locally-made photovoltaics.

WTO complaints begin with negotiations between the parties to the conflict. It has attempted to recruit European and other governments as allies against Washington, but they echo USA complaints about Chinese market barriers and industrial policy.

Qatar promises $15 billion investment in Turkey
Following the Qatar news, the lira firmed briefly to 5.8699 from 6.04 to the dollar, before easing back to 6.0500 by 1658 GMT. Some 3,000 investors registered to join Albayrak's planned tele-conference, the private NTV broadcaster reported .

On June 5, Mexico imposed taxes - with immediate effect - on US steel and aluminum, pork belly, as well as a range of other agricultural products.

On June 21, India raised tariffs on USA goods including soya oil, palm olein oil and cashew nuts. The new round of tariffs marked the completion of Trump's threat to impose $50 billion of import taxes on Chinese goods, the first $34 billion of which went into effect on July 6. The president has also said the tariffs have been created to promote better trade deals. It said a formal complaint was filed Tuesday with the WTO in Geneva.

The United States has accused China of using subsidies and bulk manufacturing capacity to drive down prices and put U.S. competitors out of business.

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