Insta
United States and China flag
Eight countries including India have come out and told the United States to follow the rules of the World Trade Organisation (WTO) in relation to the western nation’s unilateral decision to impose retaliatory tariffs of $50 billion on Chinese imports for alleged violations of intellectual property rights (IPR). India has been on the United States’ “priority watch list” for several years under the government’s Section 301 investigation where the US believes that it has intellectual property rights deficiencies and does not adequately protect American interests. It recently told the US that its actions could lead to a trade war.
The Hindu Business Line reports that these observations were made recently at a meeting of the WTO’s dispute settlement body (DSB) where China officially registered its complaint.
The Donald Trump administration in the United States, as part of its America First policy has imposed many tariff measures unilaterally on several of its trade partners that include India and China. The seven other countries who have criticised the US sanctions are the European Union, Pakistan, Hong Kong, Russia, Brazil, Norway, Japan and Taiwan.
China has come against the United States, claiming that the unilateral nature of Section 301 poses a threat to multilateral trade. Both Taiwan and the EU, while stating that they share the US’ concerns on Chiese IPR violations, said that the best way to resolve the issue was through multilateral trade and not unilateral sanctions.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest