The power struggle between MNCs and nation-States
8 months, 1 week ago

The power struggle between MNCs and nation-States

Hindustan Times  

Multinational corporations have generated significant strength to influence the international political economy, anchored by the nation-state. After the Trump administration’s rolling back on globalisation in favour of protectionism, President Biden has tightened its anti-Chinese trade practices by threatening to ban TikTok or biotech companies like Wuxi AppTec, among others, while at the same time warning McKinsey & Company, which conducts businesses with the Chinese government. The Chinese government is accused of using MNCs as a tool to do this through unfair trade practices in technology, transfer, intellectual property, and innovation—which may leave American companies out of the competitive markets. Beijing’s American policy is to keep Washington busy with the bilateral trade deficit favouring China and the growing penetration of Chinese MNCs into the global value chains. Well, the growing power of MNCs can be translated into meanings: one, MNCs can provide public goods like schools, health centres, and other basic amenities that host States may lack the capacity to develop, and two, some of them are even bigger or more powerful than states, employing more staff than the population of many States in Africa, e.g.

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History of this topic

US trade barriers will backfire on its economy
2 weeks ago

US trade barriers will backfire on its economy

China Daily  

The US government's recent decision to impose tariffs on steel and aluminum imports has ignited a firestorm of global criticism, with allies and trading partners alike voicing their concerns over the United States' increasingly unilateral and hegemonic economic policies. This latest move on steel and aluminum tariffs is nothing more than a desperate attempt to shield the US' own declining …

US trade barriers will backfire on its economy
2 weeks ago

US trade barriers will backfire on its economy

China Daily  

The US government's recent decision to impose tariffs on steel and aluminum imports has ignited a firestorm of global criticism, with allies and trading partners alike voicing their concerns over the United States' increasingly unilateral and hegemonic economic policies. This latest move on steel and aluminum tariffs is nothing more than a desperate attempt to shield the US' own declining …

World Trade Organization chief says US concerns on tariffs need to be heard
3 weeks, 5 days ago

World Trade Organization chief says US concerns on tariffs need to be heard

Associated Press  

GENEVA — The World Trade Organization chief urged America’s global trading partners on Friday to listen to U.S. concerns about tariffs and engage in dialogue with Washington rather than embrace tit-for-tat measures on tariffs. WTO Director General Ngozi Okonjo-Iweala said it’s important for trade partners not to panic but to embrace dialogue in reaction to President Donald Trump’s threats in …

‘No winners in trade war’: China slams US tariffs, says it’s a leading partner for 140 countries
3 weeks, 6 days ago

‘No winners in trade war’: China slams US tariffs, says it’s a leading partner for 140 countries

Hindustan Times  

China’s commerce minister Wang Wentao on Thursday said that the country will not yield to pressure and can withstand higher US tariffs, though he warned that there are “no winners in a trade war.” Wang Wentao, China's Minister of Commerce, attends a press conference during the second session of the 14th National People's Congress in Beijing on March 6, 2025. …

What impact will US unilateral tariffs cause?
1 month, 2 weeks ago

What impact will US unilateral tariffs cause?

China Daily  

WTO Photo:Xinhua China's Ambassador to the WTO Li Chenggang voiced strong concern at the first 2025 meeting of the WTO's General Council over the US' unilateral imposition of tariffs and their harmful effects on Tuesday, according to the Xinhua News Agency. At the meeting, Li called on the US to remove these measures and urged all parties to take meaningful …

Defender of global trade stability
Trending News
3 months, 3 weeks ago

Defender of global trade stability

China Daily  

China is countering destabilizing forces and the weaponizing of trade relationships China is a strong defender of global trade stability, countering destabilizing forces with support for global mechanisms and innovative domestic policies. At a high level, these open trade mechanisms include APEC, the G20, the World Trade Organization, the Regional Comprehensive Economic Partnership and other trade agreements operating within the …

Defender of global trade stability
Top News
3 months, 3 weeks ago

Defender of global trade stability

China Daily  

ZHANG TING/FOR CHINA DAILY China is a strong defender of global trade stability, countering destabilizing forces with support for global mechanisms and innovative domestic policies. At a high level, these open trade mechanisms include APEC, the G20, the World Trade Organization, the Regional Comprehensive Economic Partnership and other trade agreements operating within the framework that supports global trade. In terms …

Defender of global trade stability
Top News
3 months, 3 weeks ago

Defender of global trade stability

China Daily  

ZHANG TING/FOR CHINA DAILY China is a strong defender of global trade stability, countering destabilizing forces with support for global mechanisms and innovative domestic policies. At a high level, these open trade mechanisms include APEC, the G20, the World Trade Organization, the Regional Comprehensive Economic Partnership and other trade agreements operating within the framework that supports global trade. In terms …

Defender of global trade stability
Top News
3 months, 3 weeks ago

Defender of global trade stability

China Daily  

ZHANG TING/FOR CHINA DAILY China is a strong defender of global trade stability, countering destabilizing forces with support for global mechanisms and innovative domestic policies. At a high level, these open trade mechanisms include APEC, the G20, the World Trade Organization, the Regional Comprehensive Economic Partnership and other trade agreements operating within the framework that supports global trade. In terms …

Defender of global trade stability
Top News
3 months, 3 weeks ago

Defender of global trade stability

China Daily  

ZHANG TING/FOR CHINA DAILY China is a strong defender of global trade stability, countering destabilizing forces with support for global mechanisms and innovative domestic policies. At a high level, these open trade mechanisms include APEC, the G20, the World Trade Organization, the Regional Comprehensive Economic Partnership and other trade agreements operating within the framework that supports global trade. In terms …

The Seismic Shift in the US Trade Agenda
9 months, 1 week ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

US trade sanctions on China can affect multilateralism
9 months, 3 weeks ago

US trade sanctions on China can affect multilateralism

Hindustan Times  

The United States -China trade war has escalated from the US banning Chinese apps to targeting domestic companies having close ties with the Chinese government. Recent anti-China legislation under the Biden administration indicates increasing economic hostility to counter Chinese trade practices on the grounds of a threat to US national security. US President Joe Biden The anti-China trade policy aims …

A glut of cheap Chinese goods is flooding the world and stoking trade tensions
1 year ago

A glut of cheap Chinese goods is flooding the world and stoking trade tensions

CNN  

London/Hong Kong CNN — China’s factories are churning out more steel, cars and solar panels than its slowing economy can use, forcing a flood of cheap exports into foreign markets. The United States and the EU are fretting over potential “dumping” by China — that is, exporting goods at artificially low prices — with electric vehicles among the products caught …

US criticism of China's WTO compliance falls flat as it doesn't have a leg to stand on: China Daily editorial
1 year, 1 month ago

US criticism of China's WTO compliance falls flat as it doesn't have a leg to stand on: China Daily editorial

China Daily  

This file photo taken on Dec 4, 2019 shows a view of the Capitol Hill in Washington DC, the US. The United States has once again pointed an accusing finger at China for allegedly failing to comply with the norms and principles of the World Trade Organization, which, as well as being "false", as China's Ministry of Commerce immediately made …

US-China relations are defined by rivalry but must include engagement, American ambassador says
1 year, 3 months ago

US-China relations are defined by rivalry but must include engagement, American ambassador says

Associated Press  

WASHINGTON — The U.S.-China relationship will be defined by strategic competition in the coming decades but must involve engagement when the interests of the two countries align, the U.S. ambassador to China said Friday, one month after President Joe Biden met with Chinese President Xi Jinping to stabilize the fraught relations. Nicholas Burns said the U.S. and China are “vying …

Washington a threat to multilateral trading system
1 year, 7 months ago

Washington a threat to multilateral trading system

China Daily  

A logo is seen at the World Trade Organization headquarters before a news conference in Geneva, Switzerland, Oct 5, 2022. These actions have seriously undermined the core values and basic principles of the WTO, violated the US' international obligation to comply with WTO rules, and severely challenged the multilateral trading system and harmed shared interests of the WTO members. Based …

To counter China, US trade rep seeks closer ties to allies
1 year, 11 months ago

To counter China, US trade rep seeks closer ties to allies

Associated Press  

WASHINGTON — The Biden administration is pressing its case for a new approach to global trade, arguing that America’s traditional reliance on promoting free trade pacts failed to anticipate China’s brass-knuckled brand of capitalism and the possibility a major power like Russia would go to war against one of its trading partners. In a speech Wednesday at American University, U.S. …

Clouds Over Sunny Japan-US Ties
2 years, 1 month ago

Clouds Over Sunny Japan-US Ties

The Diplomat  

If there was any doubt about Japan no longer being the arch-enemy of the U.S. economy, it was made abundantly clear at the latest summit meeting between U.S. President Joe Biden and Japanese Prime Minister Kishida Fumio. One potential source of tension is the difference between Tokyo and Washington in assessing the China threat, not least in their respective end …

The Unintended Consequences of US Export Controls
2 years, 4 months ago

The Unintended Consequences of US Export Controls

The Diplomat  

The much-anticipated U.S. National Security Strategy released in October made clear what has been obvious: Russia and China are the biggest immediate threats to the United States. The act, which invests $50 billion in the U.S. semiconductor industry as well as technology innovation, may have rattled Taiwanese and South Korean semiconductor manufacturers in particular, given their undisputed dominance in producing …

Beijing warns US, Japan against collusion vs China
3 years, 11 months ago

Beijing warns US, Japan against collusion vs China

Associated Press  

BEIJING — China said Friday it has expressed “serious concerns” to the United States and Japan over what it calls negative moves and collusion between the two countries against China. Zhao told reporters at a daily briefing that Japan and the United States should “take China’s concerns and demands seriously, avoid words and actions that interfere in China’s internal affairs …

‘Grandstanding’: US, China trade rebukes in testy talks
4 years ago

‘Grandstanding’: US, China trade rebukes in testy talks

Al Jazeera  

Depth of divide between two global giants publicly exposed as talks get under way in snowy Anchorage. The United States and China traded sharp rebukes of each others’ policies on Thursday in the first high-level, in-person talks since President Joe Biden took office, with the deep strain in the relations between the two global rivals on rare public display during …

US trade policy is ready for its Biden makeover
4 years, 4 months ago

US trade policy is ready for its Biden makeover

Live Mint  

If he winds up facing a hostile Senate, President-elect Joe Biden will struggle to make sweeping policy changes. Biden will have the power to reverse many of the Trump administration’s bad policies to strengthen trade with allies and potential allies, while keeping up the technological competition with China. Helping Vietnam to grow its economy rapidly by exporting goods to the …

US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules
4 years, 6 months ago

US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules

Firstpost  

The Donald Trump administration has continued to play an active role in the World Trade Organisation, but many of Trump’s biggest trade offensives over the past three years have bypassed the organisation’s rules Washington: A World Trade Organisation panel said on Tuesday that the United States violated international trade rules by imposing tariffs on China in 2018 in the midst …

WTO Says US Breached Global Trade Rules by Imposing Tariffs on China
4 years, 6 months ago

WTO Says US Breached Global Trade Rules by Imposing Tariffs on China

News 18  

The World Trade Organization found on Tuesday that the United States had breached global trading rules by imposing multi-billion dollar tariffs in President Donald Trump’s trade war with China, a ruling that drew anger from Washington. But the WTO’s three-person panel said the US duties broke trading rules because they applied only to China and were above maximum rates agreed …

Trade, technology and security at risk in US-China feud
4 years, 8 months ago

Trade, technology and security at risk in US-China feud

Associated Press  

BEIJING — They have the largest economies in the world. The United States is China’s biggest single-country export market, even after President Donald Trump imposed punitive tariffs on Chinese goods. 3 market for American exporters, as well as a huge market for goods and services produced in China by U.S. companies ranging from General Motors Co. to Burger King. In …

China wants joint front with India against US' 'ugly' trade war
5 years, 8 months ago

China wants joint front with India against US' 'ugly' trade war

The Quint  

By Gaurav Sharma Beijing, July 20 China and India will have to jointly stand up to counter US "ugly" unilateralist and protectionist trade policies to promote a fair and just economic order, Beijings newly-appointed envoy Sun Weidong to New Delhi has said. Sun, who is headed to New Delhi on Saturday to take charge of his office, spoke to the …

’The stakes are so high’: US, China trade conflict was 20 years in the making
5 years, 10 months ago

’The stakes are so high’: US, China trade conflict was 20 years in the making

Live Mint  

Washington: The US-China trade blowup was a long time coming. "China has effectively used the multilateral trading system to its own advantage, enjoying the benefits of those rules of engagement while not always following those rules in spirit," said Eswar Prasad, a Cornell University economist and former head of the China division at the International Monetary Fund. "China's economy is …

U.S.-China: These are much more than just trade talks
5 years, 10 months ago

U.S.-China: These are much more than just trade talks

Salon  

Just when it appeared that Washington and Beijing were inching closer to concluding their trade negotiations, the U.S. president has thrown a new grenade in China’s direction. Not only is there a political hit, but the very magnitude of the potential retaliation Trump and Lighthizer have proposed — vastly increased tariffs, along with the aggressive use of various World Trade …

World Trade Organisation to probe US steel, aluminium tariffs
6 years, 4 months ago

World Trade Organisation to probe US steel, aluminium tariffs

India TV News  

The World Trade Organisation has agreed to set up panels at its Dispute Settlement Body to decide whether US tariffs on steel and aluminium imports comply with WTO rules, a trade official said in Geneva. On Wednesday, China and the European Union along with Mexico, Norway, Russia, Canada and Turkey protested against measures by Washington which they said were not …

商务部发表声明（双语全文）
6 years, 8 months ago

商务部发表声明（双语全文）

China Daily  

对美国贸易代表办公室7月10日发表的《关于301调查的声明》，中华人民共和国商务部12日发表声明如下： China's Ministry of Commerce released a statement Thursday regarding the Statement by the US Trade Representative on Section 301 Action released on July 10. The United States claims that it has "patiently urged China" and that China ignored the US request, but the truth is that trade differences have always been an important issue to China, who has been …

商务部发表声明（双语全文）
6 years, 8 months ago

商务部发表声明（双语全文）

China Daily  

对美国贸易代表办公室7月10日发表的《关于301调查的声明》，中华人民共和国商务部12日发表声明如下： China's Ministry of Commerce released a statement Thursday regarding the Statement by the US Trade Representative on Section 301 Action released on July 10. The United States claims that it has "patiently urged China" and that China ignored the US request, but the truth is that trade differences have always been an important issue to China, who has been …

Mnuchin expresses optimism trade standoffs can be resolved
6 years, 11 months ago

Mnuchin expresses optimism trade standoffs can be resolved

Associated Press  

WASHINGTON — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. The Commerce Ministry in Beijing said Sunday that China welcomes a visit from the U.S. to Beijing to discuss trade issues and confirms it has “received information” regarding Washington’s interest in such …

China ‘not afraid’ of a trade war, threatens US with tariffs
7 years ago

China ‘not afraid’ of a trade war, threatens US with tariffs

Al Jazeera  

China considers raising tariffs on 128 US products worth $3bn as Asian stock markets take a hit. China has warned the United States they are “not afraid” of a trade war and threatened retaliatory tariffs worth $3bn, after US President Donald Trump signed an order paving the way for imposing as much as $60bn worth of Chinese goods imports. Beijing …

Trump's path to trade wars[2]- Chinadaily.com.cn
7 years, 7 months ago

Trump's path to trade wars[2]- Chinadaily.com.cn

China Daily  

Tariffs against China, NAFTA and NATO? If the Trump administration plans to use steel as a national security threat, Canada and Mexico understand quite well that the real focus will soon be on NAFTA rather than just China or Germany. So, if Trump really is “hell-bent on imposing” major tariffs on steel, it is America’s NAFTA partners that will be …

Trump's path to trade wars[2]- Chinadaily.com.cn
7 years, 7 months ago

Trump's path to trade wars[2]- Chinadaily.com.cn

China Daily  

Tariffs against China, NAFTA and NATO? If the Trump administration plans to use steel as a national security threat, Canada and Mexico understand quite well that the real focus will soon be on NAFTA rather than just China or Germany. So, if Trump really is “hell-bent on imposing” major tariffs on steel, it is America’s NAFTA partners that will be …

China-US cooperation holds promise, Li says
8 years ago

China-US cooperation holds promise, Li says

China Daily  

He warns against trade war, calls for steady ties, stable region China expects that cooperation with the United States in the Asia-Pacific region will bring opportunities to ASEAN countries instead of trouble, Premier Li Keqiang said on Wednesday. Li made the remarks in response to a question by a reporter from Thailand who said Southeast Asian countries are watching the …

China will defend trade rights in face of Donald Trump's 'trade war', official says
8 years, 4 months ago

China will defend trade rights in face of Donald Trump's 'trade war', official says

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China will defend its …

US expands challenge to China's restraints on raw material export at WTO
8 years, 8 months ago

US expands challenge to China's restraints on raw material export at WTO

China Daily  

WASHINGTON - The United States on Tuesday expanded its challenge at the World Trade Organization to China's export restraints on key raw materials. On Tuesday, the European Union also launched a legal challenge at the WTO to China's duty and quota requirements on the export of 11 raw materials, including graphite, cobalt, copper, lead, chromium, magnesium, talcum, tantalum, tin, antimony …

US expands challenge to China's restraints on raw material export at WTO
8 years, 8 months ago

US expands challenge to China's restraints on raw material export at WTO

China Daily  

WASHINGTON - The United States on Tuesday expanded its challenge at the World Trade Organization to China's export restraints on key raw materials. On Tuesday, the European Union also launched a legal challenge at the WTO to China's duty and quota requirements on the export of 11 raw materials, including graphite, cobalt, copper, lead, chromium, magnesium, talcum, tantalum, tin, antimony …

China to resort to WTO over unreasonable US decision on steel subsidy
8 years, 8 months ago

China to resort to WTO over unreasonable US decision on steel subsidy

China Daily  

BEIJING -- China will use the World Trade Organization dispute settlement process to defend its interests over an unreasonable decision by America on steel subsidies, the Ministry of Commerce said Wednesday. The United States had deliberately misinterpreted WTO rules after the US Commerce Department ruled in favor of anti-dumping measures for imports of stainless steel sheets from China, setting an …

China to resort to WTO over unreasonable US decision on steel subsidy
8 years, 8 months ago

China to resort to WTO over unreasonable US decision on steel subsidy

China Daily  

BEIJING -- China will use the World Trade Organization dispute settlement process to defend its interests over an unreasonable decision by America on steel subsidies, the Ministry of Commerce said Wednesday. The United States had deliberately misinterpreted WTO rules after the US Commerce Department ruled in favor of anti-dumping measures for imports of stainless steel sheets from China, setting an …

China calls for an end to improper anti-dumping practice
9 years ago

China calls for an end to improper anti-dumping practice

China Daily  

BEIJING - The European Union and members of the World Trade Organization should stop using the analogue country system in anti-dumping reviews on China's exports, said Shen Danyang, spokesman for the Ministry of Commerce, on Wednesday. Many anti-dumping investigations on Chinese exports were conducted under this mechanism despite China having successfully built a market economy after decades of reform and …

WTO sides with China on US trade tariff case[1]- Chinadaily.com.cn
10 years, 8 months ago

WTO sides with China on US trade tariff case[1]- Chinadaily.com.cn

China Daily  

China won support from the World Trade Organization in challenging United States trade measures against Chinese products, while experts warned about underlying trade friction between the world's two biggest economies. "The ruling marks one more victory for China in challenging discriminatory US countervailing duties on Chinese products. He added that the ruling will "directly shake the legal basis of imposing …

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