China Wins WTO Approval of $3.6 Billion in U.S. Trade Sanctions

The video discusses the impact of tariffs and WTO rulings on US-China trade relations. It highlights the US perspective that the current global trade system favors China, leading to a preference for unilateral trade actions. The video also examines the declining US support for the WTO and the potential increase in bilateral trade disputes.

What is the approximate value of tariffs already in play between the US and China?

• $100 billion

• $500 billion

• $50 billion

• $3.6 billion

What is the Trump administration's view on the current global trade system?

• It is fair and balanced.

• It is outdated and irrelevant.

• It is biased in favor of China.

• It is biased against the US.

How does the US view the legitimacy of the World Trade Organization?

• As an organization that is irrelevant.

• As an organization that is not fit for purpose.

• As an organization that needs reform.

• As a crucial and fair organization.

What are some of the practices the US accuses China of engaging in?

• Strict adherence to WTO rules.

• Overvalued exchange rates.

• Abusive practices and undervalued exchange rates.

• Fair trade practices.

What is the potential consequence of the US's declining support for the WTO?

• Increased multilateral trade solutions.

• Improved US-China relations.

• More bilateral trade disputes.

• Stronger WTO enforcement.