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HomePoliticsIndiaChina urges EU to act together against US protectionism

China urges EU to act together against US protectionism

The EU is caught in its own trade drama with the US, under a threat of crippling steel and aluminium tariffs by Washington

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Brussels: Global trade war is likely to intensify as the US continues to harden stand through new tariff measures against China. US President Donald Trump has warned that he could slap another $100 billion (86 billion euros) of extra tariffs on China imports, fanning fresh fears of a global trade war.
In a bid to counter Trump’s moves, China today urged the European Union to take a joint stand against US protectionism as the tit-for-tat trade rift between Washington and Beijing threatened to entangle Europe.

“China and the EU … should take a clear stance against protectionism, jointly preserve the rules-based multilateral trade order, and keep the global on a sound and sustainable track,” Zhang Ming, the head of the Chinese mission to the EU, said.

“This is a joint responsibility of China and the EU. We must act together to make that happen,” Zhang said.

In his statement, Zhang firmly defended multilateralism and said “the United States turns its back on these globally recognised rules and its own commitment.”

These “protectionist moves under the pretext of national security will undermine the credibility of the WTO-centred multilateral trade system, and the rules-based global trade order,” he added.

The Chinese commerce ministry said today it is ready to pay “any cost” in the trade spat with Washington after already announcing plans to meet earlier US threats with levies on $50 billion worth of major US exports such as soybeans, cars and small aircraft.

The is caught in its own trade drama with the US, under a threat of crippling steel and aluminium tariffs by Washington.

Trump last month authorised the suspension of those fresh tariffs, but only gave the until 1 May to come up with a solution to unfair trade practices alleged by the US leader.

The has so far reacted cautiously to the US measures against China despite sharing many of the same grievances against Beijing as Washington.

“What is important to stress is that the European Union believes that measures should always be taken within the World Trade Organisation framework, which provides numerous tools to effectively deal with trade differences,” European Commission spokesman Daniel Rosario said this week.

 

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मैं आज भी सत्ता में नहीं हूं और भविष्य में भी सत्ता में जाना नहीं चाहता हूं।

मैं सिर्फ सेवा में रहना चाहता हूं। मेरे लिए ये पद, सत्ता के लिए है ही नहीं, सेवा के लिए है।

- पीएम @narendramodi जी
#MannKiBaat

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