China Blasted by US in Front of the WTO

According to the South China Morning Post,  China was blasted as a ‘threat’ to the international economy by the US in front of the WTO in Geneva.

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“Just a month after US President Donald Trump upended the global order with threats of tariffs against allies and adversaries alike, his ambassador to the World Trade Organisation took aim at both China – a main focus of Washington’s ire – and the global trade body itself.

“China’s “trade-distorting policies” represent a “threat to the international trading system,” Deputy US Trade Representative Dennis Shea said in Geneva, Switzerland, on Friday during his first public comments on the matter.

US trade representative keeps pressure on China

China’s technology transfer policies harm every WTO member and industry that “relies on technology for maintaining competitiveness in world markets”, Shea said.

Trump has proposed tariffs on up to US$150 billion in Chinese imports as punishment for what his administration sees as widespread violations of US intellectual property rights.

Beijing has vowed to retaliate in kind, with levies on everything from American soybeans to aeroplanes. Treasury Secretary Steve Mnuchin, US Trade Representative Robert Lighthizer and National Economic Council Director Larry Kudlow will travel to Beijing next week for trade talks with top Chinese officials.