日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

US unilateral tariffs threaten multilateral trading system

Xinhua | Updated: 2018-03-26 13:45
Share
Share - WeChat

GENEVA - Unilateral moves by the United States to repeatedly impose steep tariffs on imports jeopardizes the global trading system, warned trade experts and officials.

"The existing multilateral system provides effective trade remedy measures and dispute settlement mechanisms. WTO (World Trade Organization) members should solve their trade problems and disputes within a multilateral framework," Liang Guoyong, an economic officer at the United Nations Conference on Trade and Development (UNCTAD), told Xinhua.

Liang said that a recourse to unilateral measures will threaten the authority and effectiveness of the multilateral trading system, which in the long run is disruptive for the stability and growth of the world economy.

Despite widespread dissent from business groups and trading partners around the world, US President Donald Trump last week signed a memorandum that could impose tariffs on up to $60 billion of imports from China, following a recent tariff plan on steel and aluminum imports and January's tariffs levied on imported solar panels and washing machines, which have been chided as an act of protectionism.

In the name of safeguarding national security and protecting domestic jobs, Washington's arbitrary move has unleashed heavy criticism.

WTO Director-General Roberto Azevedo said that "unilateral" announcements like those tend to spark counter measures. "Actions taken outside these collective processes greatly increase the risk of escalation in a confrontation that will have no winners, and which could quickly lead to a less stable trading system," he said.

Azevedo encouraged members to continue working through the WTO to explore potential solutions.

WTO members have expressed concern about the US decision to levy high tariffs during a recent meeting in Geneva. Trade representatives from more than 40 members, including 28 from the European Union, on Friday took the floor to warn against the tariffs.

They said US tariffs would have repercussions on the commercial interests of traders and on the predictability and stability of the rules-based multilateral trading system.

"As shown repeatedly in the past, we need global solutions to global problems," said Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development.

History has proven that unilateral safeguard measures do more harm than good. According to a study by the Washington-based Peterson Institute for International Economics (PIIE), the Obama administration's decision to levy safeguard tariffs on Chinese tires in 2009 saved few jobs at a high cost.

PIIE's analysis shows that the move temporarily saved no more than 1,200 jobs, but American buyers of car and truck ties had to pay a hefty price for this exercise of trade protectionism, at a cost of $900,000 per job.

Arancha Gonzalez, head of the Geneva-based International Trade Center (ITC), witnessed the imposition and effects of steel safeguard tariffs during the Gorge W. Bush administration in 2002.

"There was a net loss of 200,000 jobs in the US because of those measures," said Gonzalez.

The Bush administration had to withdraw the steel tariffs after they were successfully challenged at the WTO by a number of countries. Analysts said that the Trump administration's tariffs could face a similar challenge at the WTO and the United States is likely to lose the case.

While the United States has announced a suspension of tariffs on steel and aluminum imports from some countries, the ITC head warned that as governments focus on seeking "bilateral exemptions," there is a risk of diminishing their collective ability to deal with the real problem, which is overcapacity.

Gonzalez said that negotiated exemptions from the proposed tariffs represent another step in the direction that "we are moving from a trading system based on rules to one based on deals."

Problems such as overcapacity can't be easily solved bilaterally but would be most effectively addressed at the multilateral level, she added.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 中文综合网| 国产91在线免费观看 | 欧美中文字幕 | 成人av黄色| 欧美性一区二区三区 | 亚洲精品免费看 | 国产aaa级片 | 日韩天天干 | 亚洲视频99 | 日韩一区二区三区在线视频 | 欧美福利一区 | av免费网址 | 国产精品一区二区视频 | 播五月综合 | 天堂岛av | 国产视频久久久久 | 欧洲猛交xxxx乱大交3 | www.五月激情 | 国产麻豆成人传媒免费观看 | 中文字幕第四页 | 五月婷婷综合网 | 天天干天天狠 | 丰满的亚洲女人毛茸茸 | 日韩手机在线 | 亚洲欧美小视频 | 亚洲毛片亚洲毛片亚洲毛片 | 国产一级一级国产 | 一区二区三区国产在线 | 超碰在线公开免费 | 天天操天天看 | 国产亚洲欧美视频 | 日韩成人高清 | 日韩在线观看中文字幕 | 狼性av懂色av禁果av | 国产精品一区二区免费 | 生猴子在线观看免费视频 | 91亚洲国产成人精品一区 | 波多野结衣在线观看一区二区 | 亚洲图片在线播放 | 日日躁夜夜躁 | 日韩在线欧美在线 |