![]() ![]() "We need to reform it."Įfforts were underway to defuse the U.S.-China dispute, with a high-level Chinese delegation expected to visit Washington on Jan. "Major changes are taking place and the WTO is behind the curve - it's not keeping up with pace," Abe said in a brief question-and-answer session. While Abe and Merkel squarely warned against taking punitive measures like Trump has - without going through international institutions like the World Trade Organization to settle disputes - both Japan and European countries have also complained about China. President Donald Trump says China is not being transparent on government subsidies it gives Chinese companies and is swiping intellectual property from Western firms. and China, the world's two biggest economies, are locked in a major trade dispute and have put tariffs on hundreds of billions of dollars-worth of traded goods. "U.S.-China trade friction is one of those risks and Japan traditionally has said tit-for-tat trade-restrictive measures are of no benefit," he said in his first appearance in Davos in five years. ![]()
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