On April 10th, the World Trade Organization held its first annual meeting of the Council for Trade in Goods in Geneva, Switzerland. The Chinese side has taken the initiative to set the agenda and expressed serious concerns about the US “reciprocal tariff” measures and their adverse effects, demanding that the US effectively abide by WTO rules and avoid negative impacts on the global economy and multilateral trading system. 46 members of the World Trade Organization, including the European Union, the United Kingdom, Canada, Japan, Switzerland, Norway, South Korea, Malaysia, Brazil, Peru, Kazakhstan, and Chad, spoke under this agenda item, expressing concern over the United States’ “reciprocal tariff” measures and calling on the United States to effectively comply with WTO rules. The Chinese side stated that the United States is the creator and main beneficiary of the multilateral trading system, and judging the overall benefits in international trade based on the balance of goods trade is extremely one-sided. The so-called ‘equivalent tariffs’ are like’ prescribing the wrong solution and taking the wrong medicine ‘, which not only does not help solve the problem of trade imbalance, but also backfires on the United States itself and seriously disrupts the international trade order. There are no winners in tariff and trade wars. China calls on all WTO members to learn from history, adhere to and uphold multilateral trade rules, and resolve differences through multilateral dialogue and cooperation. (CCTV News)
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