"/>

News Analysis: U.S. unilateral tariffs threaten multilateral trading system

Source: Xinhua    2018-03-26 11:36:00

GENEVA, March 26 (Xinhua) -- Unilateral moves by the United States to repeatedly impose steep tariffs on imports jeopardizes the global trading system, warned trade experts and officials.

"The existing multilateral system provides effective trade remedy measures and dispute settlement mechanisms. WTO (World Trade Organization) members should solve their trade problems and disputes within a multilateral framework," Liang Guoyong, an economic officer at the United Nations Conference on Trade and Development (UNCTAD), told Xinhua.

Liang said that a recourse to unilateral measures will threaten the authority and effectiveness of the multilateral trading system, which in the long run is disruptive for the stability and growth of the world economy.

Despite widespread dissent from business groups and trading partners around the world, U.S. President Donald Trump last week signed a memorandum that could impose tariffs on up to 60 billion U.S. dollars of imports from China, following a recent tariff plan on steel and aluminum imports and January's tariffs levied on imported solar panels and washing machines, which have been chided as an act of protectionism.

In the name of safeguarding national security and protecting domestic jobs, Washington's arbitrary move has unleashed heavy criticism.

WTO Director-General Roberto Azevedo said that "unilateral" announcements like those tend to spark counter measures. "Actions taken outside these collective processes greatly increase the risk of escalation in a confrontation that will have no winners, and which could quickly lead to a less stable trading system," he said.

Azevedo encouraged members to continue working through the WTO to explore potential solutions.

WTO members have expressed concern about the U.S. decision to levy high tariffs during a recent meeting in Geneva. Trade representatives from more than 40 members, including 28 from the European Union, on Friday took the floor to warn against the tariffs.

They said U.S. tariffs would have repercussions on the commercial interests of traders and on the predictability and stability of the rules-based multilateral trading system.

"As shown repeatedly in the past, we need global solutions to global problems," said Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development.

History has proven that unilateral safeguard measures do more harm than good. According to a study by the Washington-based Peterson Institute for International Economics (PIIE), the Obama administration's decision to levy safeguard tariffs on Chinese tires in 2009 saved few jobs at a high cost.

PIIE's analysis shows that the move temporarily saved no more than 1,200 jobs, but American buyers of car and truck ties had to pay a hefty price for this exercise of trade protectionism, at a cost of 900,000 U.S. dollars per job.

Arancha Gonzalez, head of the Geneva-based International Trade Center (ITC), witnessed the imposition and effects of steel safeguard tariffs during the Gorge W. Bush administration in 2002.

"There was a net loss of 200,000 jobs in the U.S. because of those measures," said Gonzalez.

The Bush administration had to withdraw the steel tariffs after they were successfully challenged at the WTO by a number of countries. Analysts said that the Trump administration's tariffs could face a similar challenge at the WTO and the United States is likely to lose the case.

While the United States has announced a suspension of tariffs on steel and aluminum imports from some countries, the ITC head warned that as governments focus on seeking "bilateral exemptions," there is a risk of diminishing their collective ability to deal with the real problem, which is overcapacity.

Gonzalez said that negotiated exemptions from the proposed tariffs represent another step in the direction that "we are moving from a trading system based on rules to one based on deals."

Problems such as overcapacity can't be easily solved bilaterally but would be most effectively addressed at the multilateral level, she added.

Editor: Liangyu
Related News
Xinhuanet

News Analysis: U.S. unilateral tariffs threaten multilateral trading system

Source: Xinhua 2018-03-26 11:36:00

GENEVA, March 26 (Xinhua) -- Unilateral moves by the United States to repeatedly impose steep tariffs on imports jeopardizes the global trading system, warned trade experts and officials.

"The existing multilateral system provides effective trade remedy measures and dispute settlement mechanisms. WTO (World Trade Organization) members should solve their trade problems and disputes within a multilateral framework," Liang Guoyong, an economic officer at the United Nations Conference on Trade and Development (UNCTAD), told Xinhua.

Liang said that a recourse to unilateral measures will threaten the authority and effectiveness of the multilateral trading system, which in the long run is disruptive for the stability and growth of the world economy.

Despite widespread dissent from business groups and trading partners around the world, U.S. President Donald Trump last week signed a memorandum that could impose tariffs on up to 60 billion U.S. dollars of imports from China, following a recent tariff plan on steel and aluminum imports and January's tariffs levied on imported solar panels and washing machines, which have been chided as an act of protectionism.

In the name of safeguarding national security and protecting domestic jobs, Washington's arbitrary move has unleashed heavy criticism.

WTO Director-General Roberto Azevedo said that "unilateral" announcements like those tend to spark counter measures. "Actions taken outside these collective processes greatly increase the risk of escalation in a confrontation that will have no winners, and which could quickly lead to a less stable trading system," he said.

Azevedo encouraged members to continue working through the WTO to explore potential solutions.

WTO members have expressed concern about the U.S. decision to levy high tariffs during a recent meeting in Geneva. Trade representatives from more than 40 members, including 28 from the European Union, on Friday took the floor to warn against the tariffs.

They said U.S. tariffs would have repercussions on the commercial interests of traders and on the predictability and stability of the rules-based multilateral trading system.

"As shown repeatedly in the past, we need global solutions to global problems," said Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development.

History has proven that unilateral safeguard measures do more harm than good. According to a study by the Washington-based Peterson Institute for International Economics (PIIE), the Obama administration's decision to levy safeguard tariffs on Chinese tires in 2009 saved few jobs at a high cost.

PIIE's analysis shows that the move temporarily saved no more than 1,200 jobs, but American buyers of car and truck ties had to pay a hefty price for this exercise of trade protectionism, at a cost of 900,000 U.S. dollars per job.

Arancha Gonzalez, head of the Geneva-based International Trade Center (ITC), witnessed the imposition and effects of steel safeguard tariffs during the Gorge W. Bush administration in 2002.

"There was a net loss of 200,000 jobs in the U.S. because of those measures," said Gonzalez.

The Bush administration had to withdraw the steel tariffs after they were successfully challenged at the WTO by a number of countries. Analysts said that the Trump administration's tariffs could face a similar challenge at the WTO and the United States is likely to lose the case.

While the United States has announced a suspension of tariffs on steel and aluminum imports from some countries, the ITC head warned that as governments focus on seeking "bilateral exemptions," there is a risk of diminishing their collective ability to deal with the real problem, which is overcapacity.

Gonzalez said that negotiated exemptions from the proposed tariffs represent another step in the direction that "we are moving from a trading system based on rules to one based on deals."

Problems such as overcapacity can't be easily solved bilaterally but would be most effectively addressed at the multilateral level, she added.

[Editor: huaxia]
010020070750000000000000011100001370659201
凤凰彩票 大发app 凤凰彩票app 乐发iv游戏平台 凤凰彩票大厅 乐发彩票 乐发彩票app下载 大发彩票 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 凤凰彩票大厅 乐发官网 乐发ii下载入口 乐发ll 乐发v平台 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 乐发lv 乐发lll安装 乐发lv 乐发登录入口 乐发iv游戏平台 凤凰彩票登录 网信彩票 彩神 彩神彩票官方网站 彩神彩票官网首页 彩神官方app下载安卓版 凤凰彩票登录 彩神v3 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 快3官网 网信彩票 快3app 网信彩票平台 百姓彩票平台 网信平台官网 快3app下载 百姓彩票 每日彩票 快3app 百姓彩票 每日彩票 快3app 百姓彩票平台 幸运5分彩快3 快3彩票app下载 百姓彩票网站网址 大发10分PK10 快3下载 网信彩票平台 网信平台官网 快3彩票官网app 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 大发彩票app下载 百姓彩票网站网址 彩神购彩平台 每日彩票 官方正规快三彩票平台 彩神彩票购彩平台 百姓彩票 凤凰彩票购彩平台 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 凤凰彩票登录 乐发lv 乐发∨Il 百姓彩票网站网址 乐发彩票 乐发彩票官方网站 乐发lll安装 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 一分快3 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 乐发lll 乐发ii下载入口 乐发彩票官方网站 凤凰彩票官方网站 凤凰快3 彩神彩票官网首页 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 凤凰彩票app 乐发app 网信彩票平台 网信彩票平台 乐发iv游戏平台 凤凰彩票app 乐发lv 乐发彩票app下载 凤凰彩票app 网信彩票平台 乐发彩票app下载 乐发lv 乐发app 大发彩票安卓下载 大发彩票安卓下载 大发彩票 乐发彩票app下载 网信彩票平台 乐发iv游戏平台 彩神彩票 乐发彩票中心 极速快3彩票平台 人人快三凤凰 大发彩票app 大发彩票大全 乐发彩票 彩神彩票官方网站 乐发app 酷天堂彩票平台 凤凰彩票app下载 凤凰彩票大厅 凤凰彩票app 极速快3彩票平台 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 大发彩票app 网信彩票用户 百姓快三 百姓彩票平台 乐发lv 乐发彩票app下载 彩信平台 网信彩票 乐发彩票官方网站 乐发∨Il 人人快三凤凰 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 人人快三凤凰 乐发彩票 彩神彩票 乐发iv游戏平台 乐发彩票 大发彩票中心 凤凰彩票登录 凤凰彩票app 彩神彩票 大发彩票 乐发ll 大发彩票app 凤凰快3 凤凰彩票 彩神彩票 乐发ll 凤凰彩票 乐发lll 凤凰彩票大厅 网信彩票 彩神彩票 乐发lv 快盈彩票 乐发彩票官方网站 盈彩网投资平台 大发官网 一分时时彩 乐发lv 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 彩神iv 大发彩票app 大小单双平台 一分pk10 乐发lv 快盈彩票 乐发官网 快彩彩票 百姓彩票 凤凰彩票大厅 网信彩票 乐发彩票中心 网信快3 乐发 彩神xl 三分快3 大发彩票 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 乐发彩票官方网站 大发彩票 乐发 分分快3 彩神vl 55世纪 55世纪 凤凰快3 乐发彩票 乐发lv welcome凤凰彩票 乐发ll 1分快3 彩神 彩神ll 1分快3官网 1分快3的平台 welcome凤凰彩票 三分快3 彩神x 彩神vl 凤凰彩票 彩神xl 大发彩票 凤凰彩票大厅 乐发官网 乐发ll 乐发lll 乐发lv 大发彩票app 大发彩票 乐发 乐发彩票 乐发彩票中心 凤凰快3 乐发彩票 彩神xl 腾讯快3 大发彩票 彩神xl 大发彩票 乐发彩票 大发彩票app 快3平台 乐发 1分快3 乐发彩票 彩神x 凤凰快3 彩神xl 彩吧助手 大发彩票app 快3平台 大发排列3 彩神iv 彩神vl 乐发IV 彩神x 一分pk10 大发排列3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 一分pk10 凤凰彩票 乐发Vll 大发官网 乐发ll 大发彩票 乐发1 凤凰快3 彩神vl 乐发lx 百姓彩票 乐发VI 彩神x 乐发IV 极速快3 乐发 凤凰快3 网信快3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 凤凰彩票大厅 乐发lv 乐发lv 乐发lv 凤凰彩票 大发彩票 大发彩票 凤凰彩票 乐发lv 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 彩神x 乐发 乐发ll 极速快3 乐发lv 乐发彩票中心 快3彩票 凤凰彩票大厅 彩神x 凤凰彩票app 分分快3 网信彩票 网盟彩票 凤凰彩票 百姓彩票 乐发 快彩彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 极速快3 乐发ll 网信彩票 乐发lv 全民彩票 凤凰彩票app下载 快盈彩票 大发彩票app 大发官网 凤凰彩票 彩神iv 大发彩票 网信快3 凤凰彩票 百姓彩票