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Montevideo, October 22nd 2018 - 09:00 UTC

WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

Thursday, September 20th 2018 - 08:42 UTC
Full article 11 comments
“I’m very concerned,” WTO chief Roberto Azevedo said “To be honest, I don’t think it’s over. They have lots of ammunition and it can expand to other areas...” “I’m very concerned,” WTO chief Roberto Azevedo said “To be honest, I don’t think it’s over. They have lots of ammunition and it can expand to other areas...”

The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.

Speaking at an event in Rio de Janeiro against the backdrop of growing trade tensions between Beijing and Washington, Roberto Azevedo said the WTO has focused on trying to increase dialogue between the two countries.

“I’m very concerned,” he said at the event. “To be honest, I don’t think it’s over. They have lots of ammunition and it can expand to other areas beyond just tariffs ... and trade.” He did not elaborate.

On Tuesday, in the latest sign of deteriorating commercial relations between the world’s two largest economies, Beijing added US$ 60 billion worth of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump’s planned levies on US$ 200 billion worth of Chinese goods.

Trump has long railed against the WTO, and his government has eroded its power by blocking appointments to its appeals chamber as existing trade judges’ terms end. If the United States manages to paralyze the WTO’s dispute system, it would end 23 years of WTO enforcement, the keystone of international efforts to prevent trade protectionism.

Azevedo said it would be possible to have a global trade dispute resolution body without the United States, but it is unclear whether Washington would be in favor of such an organization.

Top Comments

Disclaimer & comment rules
  • chronic

    Oblivion to the whole alphabet soup of globalist organizations.

    Sep 20th, 2018 - 06:34 pm 0
  • Terence Hill

    chronic i.e pathological
    You won't have any choice but to enjoy your isolation as the rest of the world is picking up their skirts and heading for cover. But, any dufas that relies on a discredited Mussolini mantra shouldn't expect anything different.

    Sep 21st, 2018 - 10:46 am 0
  • chronic

    Trudi/Teri on their knees.

    Lol.

    Sep 21st, 2018 - 12:41 pm 0
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