WASHINGTON (AP) — The United States has accused China of failing to meet its commitments to the World Trade Organization and said it is exploring new ways to combat aggressive Chinese trade practices.
In its annual report on China’s compliance with WTO rules, the U.S. Trade Representative’s office said on Wednesday that China was failing to deliver on promises it had made to open its markets to foreign competition when ‘she joined the Geneva-based agency of 164 countries in 2001. .
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“China has instead retained and expanded its state-led, non-market approach to economics and trade,” said U.S. Trade Representative Katherine Tai. “China’s policies and practices challenge the premises of WTO rules and cause serious harm to workers and businesses around the world.”
Among other things, the United States has repeated longstanding accusations that China uses subsidies and regulations to favor its own companies over foreign competitors; floods world markets with cheap steel, aluminum and other commodities; and forces U.S. and foreign companies to give up prized technology as a prize for access to Chinese markets.
The US report said: “Chinese leaders appear confident in their non-market, state-led approach to the economy and trade and feel no need to conform to global standards.”
The US Commerce Bureau said it continues to discuss with China “achieving real change in its economic and trade regime”. And he’s working with allies — and through the WTO — to put pressure on the Chinese government. Without elaborating, the report said the United States is also exploring new ways “to strategically use internal trade tools as needed to establish a fairer level playing field with China for workers and businesses.” Americans”.
Expressing similar complaints about China, President Donald Trump imposed tariffs on an estimated $360 billion in Chinese imports into the United States – tariffs the Biden administration is still imposing.
To reduce tensions, the US and China reached a so-called Phase 1 trade deal in January 2020. Among other things, the Chinese agreed to increase purchases of US agricultural exports, to benefit Trump supporters in the heart of the United States.
But Chad Bown of the Peterson Institute for International Trade calculated in a report last week that China had bought only 57% of US exports it had to commit to buying.