RIO DE JANEIRO (Reuters) – The trade dispute between the United States and China could well expand into other areas given the significant \u201cammunition\u201d the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.<\/p>\n
Speaking at an event in Rio de Janeiro against the backdrop of growing trade tensions between Beijing and Washington, Roberto Azevedo said the WTO has focused on trying to increase dialogue between the two countries.<\/p>\n
\u201cI\u2019m very concerned,\u201d he said at the event. \u201cTo be honest, I don\u2019t think it\u2019s over. They have lots of ammunition and it can expand to other areas beyond just tariffs … and trade.\u201d He did not elaborate.<\/p>\n
On Tuesday, in the latest sign of deteriorating commercial relations between the world\u2019s two largest economies, Beijing added $60 billion worth of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump\u2019s planned levies on $200 billion worth of Chinese goods.<\/p>\n
Trump has long railed against the WTO, and his government has eroded its power by blocking appointments to its appeals chamber as existing trade judges\u2019 terms end. If the United States manages to paralyze the WTO\u2019s dispute system, it would end 23 years of WTO enforcement, the keystone of international efforts to prevent trade protectionism.<\/p>\n
Azevedo said it would be possible to have a global trade dispute resolution body without the United States, but it is unclear whether Washington would be in favor of such an organization.<\/p>\n","protected":false},"excerpt":{"rendered":"
RIO DE JANEIRO (Reuters) – The trade dispute between the United States and China could well expand into other areas given the significant \u201cammunition\u201d the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.<\/p>\n","protected":false},"author":85,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1855","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/comments?post=1855"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1855\/revisions"}],"predecessor-version":[{"id":1856,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/1855\/revisions\/1856"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/media?parent=1855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/categories?post=1855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/tags?post=1855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}