KONTAN.CO.ID - BEIJING. The United States, not China, threatens the global trade system, China’s foreign ministry said on Monday, after U.S. President Donald Trump’s administration called U.S. support for Beijing’s joining the World Trade Organization in 2001 a mistake. WTO rules have proved ineffective in making China embrace a market-oriented trade regime, and the United States “erred” in backing China’s entry to the trade body on such terms, the office of the U.S. Trade Representative said last week. Its report came as Trump weighs a series of trade actions against Beijing, including a decision in a “Section 301” investigation into China’s alleged theft of intellectual property, expected in the next few weeks.
China says United States is real threat to global trade, not itself
KONTAN.CO.ID - BEIJING. The United States, not China, threatens the global trade system, China’s foreign ministry said on Monday, after U.S. President Donald Trump’s administration called U.S. support for Beijing’s joining the World Trade Organization in 2001 a mistake. WTO rules have proved ineffective in making China embrace a market-oriented trade regime, and the United States “erred” in backing China’s entry to the trade body on such terms, the office of the U.S. Trade Representative said last week. Its report came as Trump weighs a series of trade actions against Beijing, including a decision in a “Section 301” investigation into China’s alleged theft of intellectual property, expected in the next few weeks.