WTO is unfair, biased against US

Adjust Comment Print

China receives special treatment from the World Trade Organisation and it is unfair to the US, President Donald Trump has said on social media, raising questions about how useful the multilateral organisation will be as a tool for de-escalation in the emerging trade conflict between the two nations.

China has yet to state how it plans to retaliate to Trump's latest threats, but it has filed a formal complaint with the WTO.

President Trump is slamming the World Trade Organization for unfairly favoring China. President Donald Trump announced the hefty tariffs in March, which are aimed at countering Beijing's purported abuse of US intellectual property.

Late goal sends Notre Dame to Frozen Four final over MI
Senior forward Dexter Dancs' shot from a sharp angle deflected off a Notre Dame defenseman in front and in the net. Notre Dame advances to face Minnesota Duluth - a 2-1 victor of Ohio State - in the national championship.

If they fail to reach a mutually agreed solution through consultations, the United States may request the establishment of a WTO dispute settlement panel to review the matter. "We want to resolve trade disputes and properly deal with the relevant issues with the US side through dialogue and consultation, and we want to do that based on worldwide law and trade rules, not on some domestic laws of the US", Shuang added.

Recently, China officially told the World Trade Organization that it would impose $611.5 million in tariffs on $2.75 billion of United States imports as a response to the U.S. tariffs on steel and aluminium imports announced on March 23.

Trump announced tough tariffs on foreign-made steel and aluminum in March, triggering retaliatory Chinese tariffs on $3 billion in American exports.