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Jakarta, CNBC Indonesia – China asked the United States (USA) to respect the decisions of the World Trade Organization (WTO). This is related to the victory of the country of the USA in the global trading institutions, on Tuesday (9/15/2020).
China called on the United States to prioritize multilateral principles in trade. The same is what China is doing, said the Ministry of Commerce of the Bamboo Curtain in Beijing. Reuters.
Earlier, in a three-member panel, the WTO said that US import tariffs violated trade rules. Because it only applies to China and above the agreed maximum tariff.
Washington is also considered insufficient to explain why its action is necessary. The Trump administration has previously said that tariffs of more than $ 200 billion on Chinese goods are justified because the bamboo curtain seeks to steal US intellectual property and force US companies to transfer technology to China.
“The Panel is well aware of the broader context in which the WTO system currently operates. There is currently an unprecedented level of global trade tensions,” the agency said in conclusion.
The panel recommended that the US take action that is consistent with its obligations. The United States and China were also asked to work together to resolve the dispute as a whole.
This infuriated Uncle Sam. Through Trade Representative Robert Lighthizer, the United States responded.
“This panel report confirms what the Trump administration has said for four years. (That) the WTO is totally inadequate to stop China’s dangerous technological practices,” he said.
The United States and China have been locked in a trade war since 2018. Trump threatened nearly all of China’s imports, more than $ 500 billion, before the two signed the January 2020 Phase 1 deal.
Additional tariffs continue to be applied on Chinese goods worth about $ 370 billion, and since July 2018, $ 62.16 billion in import duties have been collected, data from US Customs shows here.
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