China condemns US 'tariff shocks' at WTO

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of Mr Donald Trump's economic policy. PHOTO: BLOOMBERG GENEVA - The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said on Feb 18 at the World Trade Organisation (WTO). After returning to office on Jan 20, Mr Trump hit China, the world's second-biggest economy, with an additional 10 per cent levy on products entering the United States. Mr Trump signed executive orders last week imposing new 25 per…