China has formally initiated a World Trade Organisation dispute resolution procedure over US tariffs on its steel and aluminium . The notification to Geneva has triggered a 60 day deadline for the two countries to settle their differences or face litigation by a neutral panel of arbitrators . China claims the $ 50bn worth of tariffs exceed the US 's bound rates and other provisions of the trade organization , some of which date back to its predecessor treaty , the General Agreement on Security and Trade . The US alleges that the tariffs are warranted due to protection of US intellectual property .
China has formally initiated a World Trade Organisation dispute resolution procedure over US tariffs on its steel and aluminium. The notification to Geneva has triggered a 60 day deadline for the two countries to settle their differences or face litigation by a neutral panel of arbitrators. China claims the $50bn worth of tariffs exceed the US's bound rates and violate provisions of the trade organization, some of which date back to its predecessor body, the General Agreement on Tariffs and Trade. The US alleges that the tariffs are warranted due to theft of US intellectual property.