Even as Americans launched Chinese-made fireworks in celebration of the Fourth of July, the future of the tradition fell under threat by executive trade war policies. Who will be the brake within the American system?
Under the circumstances of Sino-U.S. trade frictions and Pro-Brexit, China and the UK might become convenient bedfellows – centered around the Belt and Road Initiative and free trade.
China’s entry into the international trading system, culminating in 2001 in its accession to the World Trade Organization, was neither quick nor easy.
China’s accession made the WTO worthy its name, as China has expanded the scale of multilateral trading system market, bringing vitality, mutual development, and prosperity to its fellow-members.
China and the U.S. are facing the most complex and sharpest conflict since they established diplomatic ties almost 40 years ago. Since it targeted China as a major strategic rival, the U.S. has done all it can to undermine the rise of China.
Anyone who is not ideologically blinded by cold war mentality would clearly recognize that China has fulfilled its WTO obligations .
The world is on tenterhooks waiting for the next moves from the Trump Administration in terms of the draconian tariffs he has threatened to place on China as well as on a number of other countries, including our close neighbors Canada and Mexico.
In the course of development, China will undoubtedly be confronted with various challenges, but we must not complain, knowing that with confidence and resolve we can achieve our goals.
It involves the world’s two biggest economies and the trade volume involved also represents a record in decades.
The USTR published on Friday a list of Chinese goods subject to additional Tariffs. The “punitive tariffs” on about $50 billion of Chinese products will burden the world’s two largest economies, China and US.
Backed with American superpower, the Trump Administration went against its words and continued its unfair and unjust trade actions. Unfortunately, it’s reckless actions will only burden the economy of the two countries and hurt the global economy.
The historic Kim-Trump summit in Singapore on Tuesday has attracted worldwide attention. But the top-down start would really need multi-party support if the commitments of the communiqué are to be realized.
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