China's economic model represents an "unprecedented" threat to the world trading system that can't be addressed under current global rules, President Donald Trump's top trade negotiator said.
"There is one challenge on the current scene that is substantially more difficult than those faced in the past, and that is China," U.S. Trade Representative Robert Lighthizer said Monday in a speech in Washington. "The sheer scale of their coordinated effort to develop their economy, to subsidize, to create national champions, to force technology transfers and to distort markets in China and throughout the world is a threat to the world trading system that is unprecedented."
The World Trade Organization and the rules that underlie the international trade arbitrator weren't designed to deal with China's current approach to its economy, he said.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
