China proposes reform, ‘enhanced’ monitoring to address ‘reciprocal’ tariffs at the WTO

China proposes reform, ‘enhanced’ monitoring to address ‘reciprocal’ tariffs at the WTO

China has taken yet another swipe at the U.S. at the World Trade Organization, calling for members to safeguard the system by improving the transparency and monitoring of “significant” trade measures, pursuing reform outcomes and pushing all members to “anchor” its policies to the WTO framework. The May 8 proposal, which China calls a “Statement on Supporting the Multilateral Trading System under Current Situation,” does not name the U.S. but do…

Chinese vice premier voices China's strong support for WTO, multilateralism

All parties should resolve differences and disputes through equal-footed dialogue under the framework of the World Trade Organization, jointly uphold multilateralism and free trade, and promote the stability and smooth functioning of global industrial and supply chains.