Commercial tensions were diverged yesterday, after Trump suspended duties in imports from Canada and Mexico, but the confrontation with China continues
The Director-General of the World Trade Organization (WTO) Ngozi Okonzo-Juela again called on “panic avoidance” for the US trade wars, noting that “chaos” cannot be mentioned.
Returning from Washington, where Okonzo-Juela met with US Secretary of Commerce Haward Lutnik and White House representative in charge of trade relations (USTR), Jameson Greer, the WTO leader said.
“They want to continue to participate actively,” the WTO leader said, speaking at a conference at the headquarters of the Organization in Geneva, a conference attended by former German Chancellor Angela Merkel.
This American will “should give us space for maneuvering” and “allow us to believe that the US considers that there is still some interest to be able to discuss with other WTO members.”
“This is one of the reasons why I believe that we must remain calm, to hear” US concerns “and ask how we can help them deal with their concerns,” he said.
Although commercial tensions were diverged yesterday, after the US government of Trump suspended duties that had imposed imports from Canada and Mexico, the trade confrontation with China continues.
The European Union is also targeted by the US president. Donald Trump said at the end of February that the EU – created, he said, to “fuck …” the US – would soon be “targeting” 25% tariffs on its products intended for the US market, without giving a date to impose this measure.
The White House Republican also plans to impose “reciprocal” duties on US trade partners since April 2. For him, this means normalizing inequalities. For example, if an American product is taxed at 40% upon its import to India, Washington will apply the same level of duty in the other direction.
The WTO leader acknowledged that this is a “difficult time, a challenge”, saying that it “understands the enormous concern of people”.
However, “we should not panic” and “I do not agree that the system is in chaos or in turmoil,” he said.
He added that “there is no reason to react” to US announcements, stressing that they may differ from day to day. He recommended the adoption of a “cooperative approach with the US” instead of a reaction “one of you and one of me”.
“Take a deep breath … take a dialogue,” he said, repeating a phrase he used in January at the World Economic Forum meeting in Davos.
Source :Skai
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