{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='EU trade chief on US effect on trade, withdrawal from Iran nuclear deal' data-url='/boclips/videos/5c54d798d8eafeecae20d295' data-video-url='/boclips/videos/5c54d798d8eafeecae20d295' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nEU trade chief on US effect on trade, withdrawal from Iran nuclear deal\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eThe chairman of the European Parliament's international trade committee criticised the Trump administration's approach to addressing the trade imbalance with China, saying it undermined the system of rules that govern global trade.      ...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThe chairman of the European Parliament's international trade committee criticised the Trump administration's approach to addressing the trade imbalance with China, saying it undermined the system of rules that govern global trade.\u003cbr/\u003e              \"The multilateral trading system is under threat as one big partner worldwide is undermining this global trading system with tariffs and this rule of power,\" Bernd Lange told reporters in Beijing.\u003cbr/\u003e              US President Donald Trump has threatened higher tariffs on 150 billion US dollars of Chinese goods in response to complaints that Beijing violates its free-trade commitments by stealing or pressuring foreign companies to hand over technology.\u003cbr/\u003e              Lange also expressed concern over the United States' withdrawal from the landmark Iran nuclear deal and its potential effect on the bloc's companies.\u003cbr/\u003e              \"It is a real bad signal for international agreements. A lot of trust, a lot of engagement was given to this deal to stabilise international cooperation and situation and now it's gone,\" Lange said on Wednesday.\u003cbr/\u003e              Lange was on a visit to China, leading a delegation from the European Parliament to discuss trade-related issues.\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Beijing - 9 May 2018\u003cbr/\u003e              1. Wide of (from left) Iuliu Winkler, Standing Rapporteur of the European Parliament's Committee on International Trade; Bernd Lange, Chairman of the European Parliament's Committee on International Trade; William Fingleton, press officer of the EU Delegation to China; translator\u003cbr/\u003e              2. Reporters\u003cbr/\u003e              3. Lange speaking\u003cbr/\u003e              4. SOUNDBITE (English) Bernd Lange, Chairman of the European Parliament's Committee on International Trade \u003cbr/\u003e              \"As everybody knows, the multilateral trading system is under threat as one big partner worldwide is undermining this global trading system with tariffs and this rule of power and therefore we have to reflect how trading partners, important trading partners, should react.\"\u003cbr/\u003e              5. Various cutaways of presser\u003cbr/\u003e              6. SOUNDBITE (English) Bernd Lange, Chairman of the European Parliament's Committee on International Trade \u003cbr/\u003e              \"China has a specific new responsibility, and this is (unintelligible) in the WTO that China is now playing a more active role, and also regarding the trouble caused by Mr Trump. China and the European Union have to stick to the rules of the WTO and find solutions in the framework of the WTO, and for the European side its totally clear that we will never make a deal under pressure, not a dirty deal. We have instruments to solve disputes. These instruments should be used and to protect these instruments we should work together.\"\u003cbr/\u003e              7. Wide of Lange speaking with reporters\u003cbr/\u003e              8. SOUNDBITE (English) Bernd Lange, Chairman of the European Parliament's Committee on International Trade \u003cbr/\u003e              \"We will discuss this, there might be (an) effect because we are also affect(ed) on sanctions towards China, on sanctions towards Russia and now this will also affect European companies. Especially, after the deal, a lot of new cooperation and new market access happened, but the major problem I have with this decision by Mr Trump is that is a real bad signal for international agreements. A lot of trust, a lot of engagement was given to this deal to stabilise international cooperation and situation and now it's gone. And how should a country trust in an international agreement when this agreement is not accepted. And that will raise a lot of problems, specifically in the Middle East and this will affect also the stock exchange and the business of companies.\"\u003cbr/\u003e              9. 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