Hey everyone! In a dynamic session at the WTO headquarters, a Chinese delegation fired back at what it calls a "one-sided, misleading" narrative from the U.S. regarding its "reciprocal tariffs" policy. They argue that focusing solely on goods trade overlooks booming sectors like R&D, design, and branding.
This debate comes at a time when the U.S. reported a staggering $300 billion surplus in service trade in 2024. That high-value game is reshaping global trade, much like the rise of tech innovations in our everyday lives 🚀. The emphasis here? Fairness in trade, especially when rules should apply equally to everyone.
The delegation urged the U.S. to abide by World Trade Organization (WTO) rules without applying a double standard. They stressed that multilateral cooperation is key for solving trade differences and keeping global supply chains strong – something that resonates with our fast-paced, interconnected world.
Responses from various WTO members, including the European Union, Australia, Brazil, and Pakistan, have shown a growing support for this call to uphold a balanced, transparent trade system. It’s a clear reminder that global trade is not just about numbers, but also about fairness and future resilience.
Stay tuned for more updates as this trade talk continues to unfold on the world stage! ✨
Reference(s):
China criticizes U.S. tariff narrative as 'one-sided, misleading'
cgtn.com
