The World Trade Organization held the first meeting of the Council for Trade in Goods this year on the 9th. China pointed out that the U.S.'s so-called "reciprocal tariffs" are a "wrong prescription and cure," which not only do not help solve the trade imbalance issue but also backfire on the U.S. itself, severely disrupting the international trade order.
The European Union expressed that the U.S.'s "reciprocal tariffs" measures seriously undermine the basic principles of the WTO and do not help resolve trade imbalance issues. Member countries such as the United Kingdom, Canada, Japan, and South Korea criticized the U.S.'s "reciprocal tariffs" measures for disrupting the international trade order, damaging the stability of global industrial and supply chains, and harming the interests of producers and consumers in all countries, including the United States.
Members like Peru, Kazakhstan, and Chad condemned the severe impact of the U.S.'s "reciprocal tariffs" on economically vulnerable developing member countries, especially the least developed member countries, emphasizing that maintaining fair, open, transparent, inclusive, and non-discriminatory multilateral trade rules is of great significance to developing member countries.