China files WTO complaint over Trump tariffs

China has filed a complaint at the World Trade Organization over the U.S. decision to slap tariffs on $50 billion of goods from the world‘s second-largest economy. "China claims the tariffs would be in excess of the United States‘ bound rates and are inconsistent with Article I.1 and Article II.1(a) and (b) of the General Agreement on Tariffs and Trade and Article 23 of the Dispute Settlement Understanding," . The Chinese move triggers a 60-day waiting period before it can then request adjudication by a panel if the dispute isn‘t solved bilaterally. Markets have seen strong gains over the last two days on hopes a trade war can be averted, with the Dow Jones Industrial Average recently up 264 points.