China Critiques U.S. Tariffs as WTO Violations, Advocates for Fair Trade Practices
The Chinese Embassy in Cairo condemned U.S. tariffs as WTO violations, arguing they threaten the multilateral trading system and adversely affect American businesses and consumers. The embassy called for dialogue and cooperation to resolve trade disputes rather than confrontation.
The Chinese Embassy in Cairo has vocally condemned the recent round of U.S. tariffs on imports from China and other nations, labeling them as blatant violations of World Trade Organization (WTO) regulations. The embassy asserted that these unilateral actions pose a severe threat to the integrity of the multilateral trading system, undermining the balance achieved over years of global trade cooperation.
In its statement, China characterized the U.S. tariffs as “arbitrary and unilateral” and expressed its commitment to defending its economic interests through all possible avenues. The embassy criticized the United States for claiming trade losses while neglecting to acknowledge its historical benefits from international trade.
Chinese Embassy spokesperson Zhou Xiaochong highlighted the detrimental effects of these tariffs, stating that American companies have been adversely affected. He noted that they have faced necessary price increases, lower profit margins, wage reductions, and workforce layoffs, ultimately resulting in higher costs for U.S. consumers.
Zhou further described the U.S. trade policy as counterproductive, metaphorically stating that it is akin to “lifting a stone only to drop it on one’s own foot.” He argued that trade wars and protectionist measures fail to produce beneficial outcomes for any involved parties.
He urged the United States to reconsider its approach, advocating for the resolution of trade disputes through constructive dialogue grounded in mutual respect and benefit. Zhou concluded by stating, “The only way forward is through consultation and cooperation,” emphasizing the necessity of avoiding confrontation and coercion.
In conclusion, the Chinese Embassy in Cairo criticized the United States for its recent tariff impositions, emphasizing their violations of WTO rules and negative impact on global trade. The embassy underscored the harm caused to American companies and consumers, calling for a reversal of these policies in favor of dialogue and cooperation. These tensions reflect the ongoing challenges in U.S.-China relations amid rising domestic political pressures.
Original Source: www.dailynewsegypt.com
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