| Abstrakt: |
The United States now acknowledges that it made a mistake in supporting China's accession to the WTO in 2001. According to the United States, China has not lived up to its WTO commitments to adopt free markets but has exploited its WTO membership to pursue its mercantilist goals and has now become the largest exporter in the world, dwarfing its nearest competitors. Not only has the WTO been powerless to convince China to fulfil its WTO commitments but what is even more galling to the United States is that the WTO has enabled China's ascent by stymieing the United States' use of venerable trade law remedies to challenge China. These frustrations led the United States to cripple the WTO Appellate Body in 2019 with the result that all WTO obligations are now in effect unenforceable. The major advantage to the United States is that it now has a free hand to deal with China without regard to WTO rules. The United States is now using forceful new measures such as punitive tariffs, trade embargoes, and industrial subsidies that are of dubious WTO legality to constrain China. Any revival of the WTO dispute settlement system will threaten the ability of the United States to continue using these bold new measures. For this reason, the United States will not support any proposed resuscitation of the WTO dispute settlement system that is not also accompanied by reforms in the WTO dealing with China. [ABSTRACT FROM AUTHOR] |
