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

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / China-US

Outdated, unilateral US trade tools against China set to hurt both

Xinhua | Updated: 2017-08-13 19:47

WASHINGTON - Doing anything unilateral against China on trade issues is expected to hurt both and produce no winner for the Trump administration, which has been searching through the policy toolbox for outdated means even without a consensus within itself.

Senior administration officials said on Saturday that Trump will direct the US trade representative (USTR) next week to determine whether to investigate China's trade practices under Section 301 of the Trade Act of 1974.

The move again raises grave concerns among the business community that Washington may unilaterally impose tariffs on Chinese products, triggering bigger trade conflict between the two largest economies of the world.

Besides, the US Commerce Department has launched the so-called Section 232 investigations into imported steel and aluminum products on the grounds of protecting national security. A Section 201 investigation led by US International Trade Commission on imported Chinese solar cells and modules is expected to release its findings in September.

All these tools have a common feature: they were meant for the pre-WTO era. Section 301 and Section 201 of the Trade Act of 1974, and Section 232 of the Trade Expansion Act of 1962 were all put in place during the Cold War era, and were rarely used since the launch of World Trade Organization (WTO) in 1995.

In its heyday in 1980s, Section 301 was aggressively used by the Reagan administration against Japan to protect US automobile and semi-conductor industries. The US abuse of such unilateral actions, however, provoked widespread backlash from its major trading partners.

"This law was mostly deployed before an effective, internationally agreed system to solve disputes -- namely the WTO -- existed," said Chad Bown, a senior fellow at the Peterson Institute for International Economics, a think tank based in Washington D.C.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . 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
临泽县| 绥化市| 五常市| 册亨县| 介休市| 巴马| 师宗县| 兴海县| 安陆市| 突泉县| 南宫市| 获嘉县| 峡江县| 阜城县| 鸡东县| 施甸县| 若尔盖县| 徐州市| 枝江市| 甘德县| 宣恩县| 朝阳县| 屏东市| 卓尼县| 栾川县| 大悟县| 保定市| 甘孜县| 玉林市| 蓬莱市| 灌南县| 五指山市| 嘉定区| 柳州市| 安福县| 兰考县| 广元市| 独山县| 布拖县| 上思县| 金寨县|