综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / China US trade tensions

US tariffs move violates WTO's principles, harms US economy itself

Xinhua | Updated: 2018-04-08 19:37
Share
Share - WeChat

BEIJING - As US President Donald Trump initiated the tariffs offensive on steel and aluminum in March and planned more on its imports from China, experts and officials have noted that the US move is in violation of the World Trade Organization (WTO)'s principles and would harmed US economy itself.

Trump's strategy was to wipe out all commercial agreements signed by Washington after World War II which could lead to unprecedented trade disputes, said Joaquin Infante, the winner of Cuba's national economy prize, in a recent interview.

Meanwhile, Trump's contempt for multilateral organizations, such as the United Nations and the World Trade Organization, aims to return to the decades when the US showed off its economic supremacy, according to him.

"In a world where globalization is irreversible due to technological development and where multilateral trade prevails, Trump is doing quite the opposite with policies that will harm the American economy," he said.

"These tariffs that have targeted China confirm that the Trump administration intends to bypass the WTO's dispute settlement body and unilaterally rely on US law alone regarding the ongoing trade dispute with China," said Jon R. Taylor, a political science professor at the University of St. Thomas in Houston, Texas.

"That is a big mistake," he said.

WTO rules and regulations were established to provide a global mechanism to resolve trade disputes, he said.

The American protective measures severely violate the multilateral trade mechanisms, as well as the WTO, said Andras Inotai, research professor at the Centre for Economic and Regional Studies of the Hungarian Academy of Science's Institute of World Economics.

He described the US tariffs move as a "own-goal", noting a sound solution to any trade dispute should be filed at the WTO.

The US protectionism measures would backfire on the United States' own economy, Inotai said last month after Trump unveiled his plan to impose tariffs on steel and aluminum.

On March 23, the US tariffs move was largely criticized during a WTO meeting in Geneva.

The WTO said in a statement that trade representatives of more than 40 members, including the 28 from the European Union (EU), took the floor to warn against US tariff measures, during a meeting of the Council for Trade in Goods.

Russia said the new tariffs exceed the bound rates the United States had committed to under WTO rules. It sought further clarification how the measure can be justified under WTO rules.

The European Union (EU) does not support measures that would run counter to WTO law, Daniel Rosario, spokesman of the European Commission, told reporters Wednesday on Washington's proposed list of Chinese goods subject to additional 25 percent tariffs based on the investigation of the so-called Section 301.

"We call on the relevant parties to ensure WTO compliance of their trade actions. We will analyze the measures being taken in terms of their WTO compatibility," Rosario told Xinhua.

According to the spokesman, the EU has noticed the US action against China under Section 301 and has been closely following the investigations since they were launched in August 2017.

Rosario also underlined the importance of the role of the WTO in dealing with trade differences.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
淳化县| 特克斯县| 枣阳市| 安庆市| 新宾| 永德县| 渭南市| 白银市| 县级市| 大化| 盐山县| 寿宁县| 雷州市| 东城区| 繁昌县| 潞西市| 囊谦县| 卓资县| 长子县| 清徐县| 静宁县| 普洱| 江门市| 抚顺县| 连城县| 大兴区| 灵川县| 吉木乃县| 桑日县| 上思县| 高淳县| 织金县| 上虞市| 个旧市| 安多县| 多伦县| 昭觉县| 石城县| 华宁县| 集安市| 皮山县|