Core Viewpoint - The article discusses the recent developments in the trade tensions between the United States, China, and Canada, highlighting the initiation of consultations at the WTO regarding new U.S. tariffs and the potential for easing global trade tensions [2][3][4]. Group 1: U.S. Tariffs and WTO Consultations - The U.S. has agreed to consult with China and Canada at the WTO regarding new tariff measures, indicating a possible shift towards dialogue in trade disputes [2][4]. - The U.S. announced a 10% tariff on certain Chinese products on February 1, followed by an additional 10% on March 3, prompting China to file complaints with the WTO [3][7]. - Canada has also filed complaints against the U.S. regarding additional tariffs, indicating a broader context of trade disputes involving multiple countries [3][5]. Group 2: WTO's Role and Global Trade Dynamics - The WTO's dispute resolution process begins with consultations lasting 60 days, after which, if no agreement is reached, a panel may be established to further address the issues [5]. - WTO Director-General Ngozi Okonjo-Iweala emphasized the need for calm and focus on avoiding unnecessary trade wars, noting that global service trade is thriving, with the U.S. being a significant beneficiary [11][12]. - In 2023, U.S. service exports exceeded $1 trillion, accounting for 13% of global exports, with a projected surplus of nearly $300 billion in 2024 [12]. Group 3: Service Trade vs. Goods Trade - The article highlights the contrast between the U.S. service trade surplus and the goods trade deficit, with the latter being a point of contention for U.S. policymakers [12][13]. - The U.S. achieved a service trade surplus of $1,126 billion with the EU, despite a goods trade deficit of $1,686 billion, illustrating the complexities of trade balances [13]. - The growth of service trade is expected to continue, with projections indicating a 10% year-on-year increase in service trade volume by Q3 2024, compared to a 4% increase in goods trade [12].
重磅信号!中美,传来大消息!
券商中国·2025-03-21 23:21