China releases new report on U.S. compliance with WTO standards
Over the past year, the United States has persistently diverged from the regulations and commitments set by the World Trade Organization (WTO), broadly interpreting national security and politicizing economic and trade matters under the pretense of de-risking. This assessment comes from a report on U.S. compliance with WTO guidelines published by China's Ministry of Commerce on Thursday.
The document highlights ongoing issues with U.S. strategies that conflict with established global trading norms, including the implementation of one-sided sanctions, the application of inconsistent standards in industrial policies, and disruptions caused to global industrial and supply chains.
"The U.S. has continuously escalated unilateral sanctions, frequently implemented discriminatory measures and continued to raise tariff barriers, which has posed severe challenges to the multilateral trading system and seriously undermined the common interests of WTO members," the report states.
It further points out that despite a WTO ruling against U.S. Section 301 tariffs for violating global trade rules, the United States persists in disregarding WTO authority, prioritizing its domestic regulations over international mandates. "Instead of canceling the relevant illegal measures, the U.S. still increases Section 301 tariffs on products imported from China and launches a new investigation, exposing its nature as a 'destroyer of the multilateral trading system,'" the document notes.
Moreover, the report accuses the U.S. of suppressing foreign companies under the pretense of "national security," applying unilateral sanctions, and extending its jurisdiction beyond its borders, which interferes with regular economic and trade interactions. "Such acts are a typical 'perpetrator of unilateralist bullying,'" it adds.
Additionally, while criticizing China for supposed overcapacity, the U.S. simultaneously enforces exclusive and discriminatory subsidy policies, utilizes investment security reviews, investment restrictions, and export controls to hinder the progress of foreign industries, the report claims, labeling the U.S. as a proponent of double standards in industrial policy.
In conclusion, the report calls on the United States to promptly address these issues, respect WTO rules, uphold its commitments, and return to a transparent, inclusive, and non-discriminatory rule-based multilateral trading system.
Emily Johnson for TROIB News