China gives up developing-country treatment in bid to boost WTO in face of Trump tariffs

BEIJING: China has said it would no longer seek the special treatment given to developing countries in World Trade Organization agreements — a change long demanded by the United States. Commerce Ministry officials said Wednesday the move was an attempt to boost the global trading system at a time when it is under threat from tariff wars and protectionist moves by individual countries to restrict imports. They did not mention the United States by name or President Donald Trump’s imposition of tariffs on many other countries this year, including China.

Raccontata dathehindu.comfortune.comscmp.comarabnews.com