China Condemns U.S. Tariffs at WTO Meeting, Warns of Global Trade Disruption

Date:

China has strongly condemned the tariffs imposed or threatened by U.S. President Donald Trump, warning that such measures could destabilize the global trading system. The criticism was voiced at a World Trade Organization (WTO) meeting on Tuesday, where China described the tariffs as “tariff shocks” that could lead to economic uncertainty, disrupted trade, and even a global recession.

China’s ambassador to the WTO, Li Chenggang, stated that the U.S. unilateralism threatens to undermine the rules-based multilateral trading system. His remarks came after Trump announced sweeping 10% tariffs on all Chinese imports, prompting Beijing to retaliate with its own tariffs and file a WTO dispute against Washington.

In response, U.S. envoy David Bisbee criticized China’s economic system as “predatory” and accused Beijing of failing to uphold its commitments since joining the WTO over two decades ago. He cited China’s alleged violations and evasion of WTO rules as evidence of its non-compliance.

The WTO discussion, which began on Tuesday and continued into Wednesday, marks the first time the escalating trade tensions between the U.S. and China have been formally addressed at the WTO’s General Council. WTO Director-General Ngozi Okonjo-Iweala called for calm, emphasizing that the WTO was created to manage such disputes and maintain an open, predictable trading environment.

While some delegates expressed concern over the risks tariffs pose to global trade stability, others criticized China for alleged market distortions. Some trade officials viewed China’s intervention as a strategic move to position itself as a defender of WTO rules, potentially gaining allies in ongoing global trade negotiations.

The trade tensions between the U.S. and China predate the Trump administration, with disputes over China’s “developing country” status and accusations of rule-breaking on both sides. However, the Trump administration’s approach has intensified the conflict, raising questions about the future of the WTO and global trade relations.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

Akwa United Edge Kebbi United to Reach Round of 32 in President Federation Cup

Two-time FA Cup champions Akwa United have advanced to...

Lookman Assures Fans Super Eagles are Ready for World Cup Qualifier Against Rwanda

Super Eagles forward Ademola Lookman has expressed confidence in...

Several Feared Dead as Fire Engulfs Vehicles in Karu Truck Accident

A tragic truck fire incident at Karu Bridge along...

CIPMN to Enforce Mandatory Certification for Project Managers from April 1

The Chartered Institute of Project Managers of Nigeria (CIPMN)...