Monday, July 16, 2018

RE: WTO: EU WHINES & CHINA MAKES PROMISES

  European Council President Donald Tusk appealed to governments to "bravely and responsibly" reform the World Trade Organization, the global trade regulator, by updating its rules to address technology policy and state-owned industries — areas in which Beijing has conflicts with its trading partners. Trump has criticized the WTO as outdated and has gone outside the body to impose import controls, prompting warnings he was undermining the global system.
  "There is still time to prevent conflict and chaos," said Tusk. "Today, we are facing a dilemma — whether to play a tough game such as tariff wars and conflict in places like Ukraine and Syria, or to look for common solutions based on fair rules."
   Last week, Tusk lambasted Trump's criticism of European allies and urged him to remember who his friends are when he met Putin.

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