1. LINE

      Text:AAAPrint
      Economy

      U.S. tariffs move violates WTO's principles, harms U.S. economy itself

      1
      2018-04-09 09:22Xinhua Editor: Gu Liping ECNS App Download

      As U.S. 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 U.S. move is in violation of the World Trade Organization (WTO)'s principles and would harmed U.S. 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 Xinhua.

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

      The U.S. 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 U.S. 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 U.S. 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 U.S. 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.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 国产成人毛片亚洲精品| 国产精品色午夜免费视频| 亚洲精品国偷自产在线| 色老头综合免费视频| 亚洲精品视频免费观看| 特a级免费高清黄色片| 亚洲国产精品综合久久网络| 曰批免费视频播放免费| 免费v片在线观看品善网| 日本高清免费中文在线看| 亚洲综合色在线观看亚洲| 国产一级a毛一级a看免费人娇| 亚洲永久无码3D动漫一区| 国产永久免费高清在线| 久久亚洲综合色一区二区三区| 免费精品99久久国产综合精品| 亚洲国产成人久久精品影视| 91免费在线播放| 亚洲精品天堂成人片AV在线播放| 国产国产成年年人免费看片| jzzjzz免费观看大片免费| 亚洲Av综合色区无码专区桃色| 91大神在线免费观看| 亚洲人成高清在线播放| 免费无码又爽又刺激高潮| 特级毛片A级毛片免费播放| 人人狠狠综合久久亚洲婷婷| 免费黄色网址网站| 国产成人 亚洲欧洲| 亚洲性猛交XXXX| 免费观看无遮挡www的视频| 黄页网址在线免费观看| 亚洲AV无码久久精品色欲| 在线观看视频免费国语| 两个人日本免费完整版在线观看1| 亚洲黄色免费在线观看| 免费国产a国产片高清| 久久99精品免费视频| 亚洲AV日韩AV一区二区三曲| 国产亚洲精品资源在线26u| 毛片免费在线观看网址|