China’s Commerce Minister accuses the United States of hindering global trade

Chinese Commerce Minister Wang Wentao stated that the United States’ imposition of unilateral tariffs to exert pressure on other nations obstructs the advancement of the multilateral trading system and the stabilization of the global economy.

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China’s Commerce Minister accuses the United States of hindering global trade © Daily Management Review

The Chinese ministry remarked in a statement after Wang Wentao’s meeting with Rebeca Grynspan, Secretary-General of UNCTAD in New York, that unilateral US tariffs have significantly harmed the multilateral trading system.

The minister underscored: “Every party must strongly support multilateralism and free trade, follow the essential principles of the multilateral trading system, and provide increased stability and assurance to the global economy.”

Wang Wentao remarked that China “is proactively carrying out UNCTAD’s supportive initiatives (…) and is eager to further enhance practical collaboration between both parties.”

source: reuters.com

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