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US and China clash at WTO, blame each other for global trade crisis

US accused China of seeking to "outright steal" technology in strategic industries and dump its products on US markets, saying 'this is not acceptable'

Reuters  |  Geneva 

trade war
Photo: Shutterstock

The and clashed again at the World Trade Organization (WTO) on Wednesday, accusing each other of undermining the multilateral trading system, according to speeches from the closed-door talks seen by

U.S. accused of seeking to "outright steal" technology in strategic industries and dump its products on U.S. markets, saying "this is not acceptable".

China's said that "reckless actions" by the were the root of the crisis but that hoped that in the follow-up to their leaders' summit, the two powers can "move in the same direction with mutual respect to contribute to the stability of world economic and trade environment".

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, December 19 2018. 16:13 IST
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