Business
2022.03.02 10:04 GMT+8

#BizBeat Ep.340: Unilateral actions violate China-U.S. trade deal and WTO principles

Updated 2022.03.02 10:04 GMT+8
CGTN

Recently, the Biden administration argued that China had met only about 60% of the goal under the China-U.S. trade deal, which means China did not buy enough American products. Subsequently, the U.S. government said it was considering more new tariffs. But in fact, China's imports from the U.S. in the pandemic-year of 2021 rose nearly 33% from the previous year, far higher than the growth rate of U.S. exports to global trade. In this episode of BizBeat, CGTN's Zhu Zhu argues that the U.S. action to arbitrarily impose sanctions on Chinese companies is a serious violation of WTO principles.

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