Impact of President Trump's Tariff Policies on Global Trade

SOURCE www.breitbart.com
China's ambassador to the WTO warned that President Trump's tariff policies could trigger a global recession. The WTO meeting did not resolve trade issues, but China used it to rally support against the US. US envoy criticized China for not following WTO rules. Trump imposed tariffs on Chinese imports due to China's unfair trade practices. US Trade Representative nominee called for lower import barriers to avoid tariffs.

Key Points

  • China warns of global recession due to tariff shocks by President Trump
  • WTO meeting addresses growing trade frictions but does not resolve major issues
  • China seeks support against US tariff threats and portrays itself as compliant with WTO rules
  • US criticizes China for not following WTO rules and imposes tariffs on Chinese imports
  • US Trade Representative nominee calls for lower import barriers to avoid tariffs

Pros

  • Highlighting potential risks of global recession due to tariff policies
  • Bringing attention to China's trade practices and call for compliance with WTO rules

Cons

  • Risk of escalating trade tensions between the US and China
  • Concerns about the effectiveness of the WTO in addressing trade disputes