China believes the US has “destroyed the multilateral trading system” over the past four years. In Geneva on Wednesday, you accused Washington of pursuing “one-sided” and “overbearing” policies.
With its protectionist approach, the United States “ignores the rules of the World Trade Organization (WTO) and the concerns of other members,” said Chinese Ambassador to the WTO Li Chenggang. This country “puts its own interests above common global interests,” he insisted again, on the first day of the US trade policy review before the institution.
The rebukes came when the WTO arbitration tribunal last week ruled in favor of both China and Switzerland in 2018 complaints against further US tariffs on steel and iron and aluminum. Beijing announced this week that it was dropping a new case, this time over US restrictions on semiconductor exports. Beijing accuses Washington of jeopardizing global supply chains.
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