On Thursday, as the first annual meeting of the Council for Trade in Goods at the WTO unfolded, China issued a robust response to the US's introduction of reciprocal tariffs in the agenda under "other matters," which it viewed as an extension of unsuitable trade practices. The previous day, China articulated its firm stance against these so-called reciprocal tariffs, highlighting the detrimental effects of US unilateral trade actions that inject uncertainty into the global economy.
China expressed regret over the US's ongoing escalation of trade tensions, which it believes undermines the stable conditions necessary for businesses around the world, particularly affecting developing nations. In its statement, China condemned the abusive application of national security claims by the US and asserted that it values sincerity and integrity, advocating for respectful engagement rather than intimidation in trade dealings.
Reiterating its opposition to tariff abuses, China maintained that trade disputes should not justify unilateral actions or lead to tariff confrontations, emphasizing that such conflicts yield no benefits for any party involved. Moreover, China underscored the importance of the multilateral trading system, with the WTO playing a crucial role in facilitating dialogue and resolving issues collaboratively, as remarked by Director-General Ngozi Okonjo-Iweala.
14 Comments
ZmeeLove
They condemn the US actions yet they have their own trade and economic abuses. That’s rich!
Muchacho
Funny, I don't remember China valuing 'sincerity and integrity' when it came to IP theft and forced technology transfer.
Rotfront
Sounds like a lot of words, but where's the action? China needs to open its markets, not just complain.
Karamba
Ngozi Okonjo-Iweala is correct. The WTO is the right avenue to resolve trade disputes. China is wise to stand up for this.
Matzomaster
The US loves to act on its own. China is standing up for international trade law!
Bermudez
Tariffs are never a good answer. China is correct in emphasizing the need for cooperation.
Comandante
China's advocating for fair trade. Its response is proportionate and constructive.
Bella Ciao
The US is acting selfishly. The best economic policy is always one that is inclusive.
Muchacha
China's conveniently ignoring the years of unfair trade practices that led to these tariffs in the first place. Selective outrage!
Mariposa
The focus should be on dialogue and collaboration, as China suggests. Great points!
ZmeeLove
The WTO can't fix China's bad behavior alone. They need to fundamentally change their ways.
Habibi
China's stance is correct, and there would be more harmony and growth if all nations followed their lead.
Leonardo
Playing victim when they've been the aggressor for so long. This is the wolf crying about the sheep.
dedus mopedus
China's 'regret' rings hollow. Actions speak louder than words, and their trade behavior has been anything but cooperative.