US trade practices are under the spotlight as critics call its unilateral tariffs a form of bullying. This protectionist move is seen as breaking key rules set by the World Trade Organization (WTO). 🚨
On April 13, a spokesperson from China’s Ministry of Commerce pointed out that exempting certain products from "reciprocal tariffs" was a small step toward addressing these erroneous practices. Although it might seem like a minor fix, it highlights a much larger issue in global trade.
Experts stress that any tariff measure must respect WTO commitments, including tariff concessions and the Most-Favored-Nation principle. The US Section 301 tariff case (DS543) shows that such measures should only target issues that genuinely affect public morals and protect intellectual property.
In simple terms, using tariffs to exert economic pressure for broader policy goals falls outside acceptable WTO exceptions. This dispute is sparking lively debates among trade enthusiasts, professionals, academics, and global explorers alike.
Stay tuned as this trade drama unfolds—it’s like a real-life plot twist in the global market saga! 🎬
Reference(s):
cgtn.com
