Its been quiet a big time since the tariff disputes have started between China and aAmerica
WTO is trying its best to solve this dispute, but as China has gained monopoly on trade of their products its hard for America to apply high import duty.
Even India has a high import duty on all type of commodities but as a neighbour country there is not much high rate on chinese products compared to others.As a developing country its alright with high rate of taxes implied on imported goods to support small industries inside the country and developments to be made.but when it comes to America the case is totally different.
WTO is trying its best to solve this dispute, but as China has gained monopoly on trade of their products its hard for America to apply high import duty.
Even India has a high import duty on all type of commodities but as a neighbour country there is not much high rate on chinese products compared to others.As a developing country its alright with high rate of taxes implied on imported goods to support small industries inside the country and developments to be made.but when it comes to America the case is totally different.
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