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Reuters — Trump administration says U.S. mistakenly backed China WTO accession in 2001

Summary:
The United States mistakenly supported China’s membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down on Chinese trade. “It seems clear that the United States erred in supporting China’s entry into the WTO on terms that have proven to be ineffective in securing China’s embrace of an open, market-orientated trade regime,” the administration said in an annual report to Congress on China’s compliance with WTO commitments.“It is now clear that the WTO rules are not sufficient to constrain China’s market-distorting behavior,” the report said....  The report also points at Russia’s behavior, saying Moscow had no intention of complying with its WTO obligations, a

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The United States mistakenly supported China’s membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down on Chinese trade.
“It seems clear that the United States erred in supporting China’s entry into the WTO on terms that have proven to be ineffective in securing China’s embrace of an open, market-orientated trade regime,” the administration said in an annual report to Congress on China’s compliance with WTO commitments.

“It is now clear that the WTO rules are not sufficient to constrain China’s market-distorting behavior,” the report said.... 
The report also points at Russia’s behavior, saying Moscow had no intention of complying with its WTO obligations, a trend the administration said was “very troubling.”
Getting ready to ramp up economic warfare.

Reuters
Trump administration says U.S. mistakenly backed China WTO accession in 2001
Lesley Wroughton

See also

The Communist party believes that, "Russia has obtained no preferences, benefits or even stimuli for economic development" as a result of its WTO membership.
TASS
Communist party again prepares bill on Russia's exit from WTO


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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