https://sg.finance.yahoo.com/news/china-says-necessary-means-defend-024752877.html
Trump is violating WTO rules by unilaterally invoking its US section 301 trade act. International trading rules must be preserved and respected. Trump should file a complaint to WTO and fight it out with China in WTO court of arbitration instead of using its own archaic law.
By taking such unilateral action, China will also follow suit and won't follow WTO rules by invoking its own trading act. When 2 titans fight, the world trading will suffer because these 2 countries will impose unreasonably high taxes against each other. This ensuing outcome will create economic problems for the whole world.
Last but not least, China has the population size and money to fight an economic war with the USA but the USA doesn't have the deep pocket like China. Many USA firms operating in China will suffer too in such an economic war.
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2 comments:
http://en.people.cn/business/n3/2017/0824/c90778-9259885.html
USA has section 301 and China has anti-dumping trade law. Hahaha!
http://en.people.cn/n3/2017/0824/c90000-9259692.html
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