China-US Trade Tensions: Study: Most American WTO actions misguided

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Europe

01:52

Staying with trade issues. An inter-governmental organization of developing countries has released a report critical of the US's WTO Section 301 actions, calling them illegitimate and misguided. Our reporter sat down with the executive director of the South Center -- Carlos Maria Correa -- to discuss the report. Let's take a look.

In this 50-page report, it takes seven parts to explain the section 301 actions' history, aim and the potential damage it might bring to multilateral trade system. Especially it looks in detail at why the US' actions are in fact illegitimate and misguided.

Carlos María Correa thinks the US is accusing China of industrial policies, while it has been the pre-eminent country having its own version of such policies including until today.

If these actions continue and expand, the ensuing trade war is likely to delegitimize the WTO and its current functions in regulating trade. While he has strong confidence in steadfast pace of Chinese economy's development.