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Politics

Global trade conflict looms over China's market status

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A container is loaded onto a ship at a port in China's Jiangsu Province. Disputes over anti-dumping laws could lead to a new trade conflict between China and the West.   © Reuters

Amid spiraling concerns about global growth, fresh wobbles in financial markets and threats by Donald Trump, front-runner for the Republican Party's U.S. presidential nomination, to impose punitive tariffs on Chinese exports, the last thing the world economy needs right now is a bruising new trade conflict between Beijing and the West.

     But that is what it may be about to get. China and the U.S. -- and quite possibly the European Union -- appear headed toward a collision that could further strain their already tense relations, trigger economic retaliation and create a giant headache for the World Trade Organization and the independent adjudicators charged with ensuring that its members abide by the rules of international commerce.

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