Mexican Media Brands
U.S. Envoy Asks: Should China Be Tossed Out of WTO?
The head of the U.S. Council of Economic Advisers asks whether a “misbehaving” China should be sanctioned by the World Trade Organization or even removed from the group.
#economics
Share
The head of the U.S. Council of Economic Advisers asks whether a “misbehaving” China should be sanctioned by the World Trade Organization or even removed from the group.
Kevin Hassett tells BBC News that the 23-year-old WTO played a useful historic role in helping to modernize global trade. But he says the group has never needed until now to confront a member like China “that is misbehaving so much.”
He also complains that WTO decisions on trade disputes take too long, and its sanctions aren’t strong enough to deter countries from ignoring the organization’s rules. Hassett doesn’t suggest expulsion for China. But he questions whether the country’s behavior can be curbed by negotiation, tougher WTO rules or as a last resort, expulsion.
Hassett declares as highly effective President Donald Trump’s hardball strategy of using massive tariffs to force China to negotiate over tariffs, intellectual property protection and domestic business practices. He insists that Trump’s goal isn’t protectionism, but rather barrier-free trade among all countries.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.