China Criticizes U.S. for Undermining Multilateral Global Trade System
China’s 2024 WTO compliance report accuses the U.S. of undermining the multilateral trading system through protectionist measures and disrupting global supply chains.
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China’s 2024 WTO compliance report accuses the U.S. of undermining the multilateral trading system through protectionist measures and disrupting global supply chains.
A global survey by CGTN reveals that over 90% of respondents criticize the U.S. for violating WTO rules through unilateral sanctions and discriminatory trade measures, highlighting widespread dissatisfaction with U.S. trade practices.
China’s Commerce Ministry strongly opposes U.S. tariff hikes on Chinese goods, citing negative impacts on global trade and urging immediate corrective action.
The WTO emphasizes the critical role of services trade in driving global economic growth, innovation, and sustainable development during the 2024 CIFTIS event.
At CIFTIS 2024, WTO Deputy Director-General Johanna Hill applauded the Chinese mainland’s impressive growth in digital services exports, highlighting their tripling between 2015 and 2023 and further sector openings.
China’s Ministry of Commerce criticizes the U.S. for violating WTO rules through tariffs and unilateral sanctions, urging a return to fair trade practices.
WTO Deputy Director-General Zhang Xiangchen advocates for an open forum and active involvement of developing countries to achieve balanced global trade outcomes.
U.S. legislative measures like the Biosecure Act targeting Chinese companies raise concerns about the stability of global competition and the future of international trade.
WTO’s latest report highlights how geopolitical tensions, climate change, and technological advancements are reshaping trade-led development, potentially leading to increased trade fragmentation.
China has filed a complaint with the WTO against the EU’s tariffs on Chinese electric vehicles, signaling rising trade tensions in the global EV market.