China proposes reform, ‘enhanced’ monitoring to address ‘reciprocal’ tariffs at the WTO

China has taken yet another swipe at the U.S. at the World Trade Organization, calling for members to safeguard the system by improving the transparency and monitoring of “significant” trade measures, pursuing reform outcomes and pushing all members to “anchor” its policies to the WTO framework. The May 8 proposal , which China calls a “Statement on Supporting the Multilateral Trading System under Current Situation,” does not name the U.S. but does reference “reciprocal” tariffs and “actions of unilateralism and...