Thursday, February 7, 2019

U.S. trade agency sees negotiating new WTO rules to rein in China as futile

Reuters
Feb 5, 2019
David Lawder, Chris Prentice
4 Min Read

WASHINGTON (Reuters) - Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses.  

The U.S. Trade Representative’s office used its annual report to Congress on China’s WTO compliance in part to justify its actions in a six-month trade war with Beijing aimed at forcing changes in China’s economic model. 

The report also reflects the United States’ continued frustration with the WTO’s inability to curb what it sees as China’s trade-distorting non-market economic policies, and offered little hope that situation could change soon. 

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