U.S. trade agency says WTO rule change efforts to rein in China will fail
Negotiating new World Trade Organization rules to try to rein in China`s "mercantilist" trade practices would be largely a futile exercise, the Trump administration`s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses.
In an annual report to Congress on China`s WTO compliance, the U.S. Trade Representative`s office said it would be "unrealistic to expect success in any negotiation of new WTO rules that would restrict China`s current approach to the economy and trade in a meaningful way."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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