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U.S. Believes Negotiating New WTO Rules On China Is Futile.

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U.S. Believes Negotiating New WTO Rules On China Is Futile.

U.S. Believes Negotiating New WTO Rules On China Is Futile.

The Trump administration’s trade office said on Monday that negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise.

Reuters reports that in an annual report to Congress on China’s WTO compliance, the U.S. Trade Representative’s office said it would be “unrealistic to expect success in any negotiation of new WTO rules that would restrict China’s current approach to the economy and trade in a meaningful way.”

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