At a recent meeting at the WTO headquarters, the Chinese delegation fired back at the U.S. "reciprocal tariffs" policy, calling its narrative "one-sided, misleading." In a world where trade is as dynamic as our favorite hits, this clash over tariff tactics is catching eyes everywhere.
The delegation pointed out that while the U.S. focuses on goods trade, it overlooks the booming service sector – a bright spot generating a surplus of about $300 billion in 2024. From cutting-edge R&D to innovative design and branding, service trade is changing the rules of the game in international commerce.
They stressed that negotiations should stick to WTO rules without double standards. According to the Chinese side, fair play means all parties, including developing members, should equally benefit. After all, global trade thrives when every voice is heard, and no one gets left behind.
This call for balanced, multilateral cooperation has resonated widely among WTO members, including major players like the European Union, Australia, and Canada as well as emerging markets like Brazil and Pakistan. As trade continues to evolve, ensuring a stable and predictable system remains key to pushing forward global growth. 🚀🌏
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China criticizes U.S. tariff narrative as 'one-sided, misleading'
cgtn.com
