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China's status as a developing country is why the Trump administration can't play by WTO rules when it imposes tariffs on China. That's the reason he is outspok
by Leary 8y ago
China's status as a developing country is why the Trump administration can't play by WTO rules when it imposes tariffs on China. That's the reason he is outspoken against it. It's pretty astonishing that the United States, which created the multilateral trading institutions have now lost control over them and must resort to unilateral actions.
- izacus 8y agoIsn't "multilateral organisation" that you "control" an oxymoron?
- sgift 8y agoIn theory? Yes. In practice? No. UN is for all practical purposes controlled by the big five with permanent seats in the UNSC. The US' influence over NATO amounts to control. And so on. Most multilateral organizations are controlled by one of the big countries.
- alanwong 8y agoIt's worth noting that while members self-elect their WTO status as either developing/developed. > However, other members can challenge the decision of a member to make use of provisions available to developing countries. https://www.wto.org/english/tratop_e/devel_e/d1who_e.htm https://www.wto.org/english/tratop_e/devel_e/d1who_e.htm No country has ever done that, though, not even the US.