China calls US repeat abuser of world trade rules

Shanghai:China accused the US of "repeatedly abusing" international trade rules, as Beijing braced on Thursday for an imminent announcement from President Donald Trump slapping more tariffs on Chinese imports.
A World Trade Organization ruling against Obama-era anti-subsidy tariffs on Wednesday handed China's commerce ministry ammunition to criticize Washington's conduct in trade affairs.
The ruling "proves that the US side has violated WTO rules, repeatedly abused trade remedy measures, which has seriously damaged the fair and just nature of the international trade environment and weakened the stability of the multilateral trading system," the ministry said.
There are growing fears that the world's two largest economies could be sliding toward a trade war as Trump seeks to fulfill election campaign promises to get tough with China over its huge surplus with the US.
Trump is expected to announce by Friday tariffs on Chinese imports worth up to $60 billion, and Beijing, according to the Wall Street Journal, has prepared retaliatory measures.
In the statement posted on its website late on Wednesday, the commerce ministry urged the US to provide Chinese companies with a "fair and stable international trade environment."
The WTO ruled the US had not fully complied with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products. However, it also supported the US claim that Chinese exporters were getting subsidies from "public bodies," despite Beijing's assertions to the contrary.
China went to the WTO in 2012 to challenge US anti-subsidy tariffs on Chinese exports including solar panels, wind turbines, steel cylinders and aluminum extrusions.
The tariffs that Trump is expected to announce will aim at curbing theft of US technology by China.
US Trade Representative Robert Lighthizer said on Wednesday they would target China's high technology sector and there could also be restrictions on Chinese investments in the US. Other sectors like apparel could also be hit.
An editorial in the state-run China Daily newspaper said the world should stand together to prevent a trade war, warning that China would not be the Trump administration's only target.
"Since the US seems unlikely to mend its ways, other countries should stop hoping they will be spared its protectionist shots and become more resolute in standing firm against them," the newspaper said. Agencies
Source: Agencies


  
  

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