Close X
Saturday, November 23, 2024
ADVT 
National

Donald Trump Threatens To Pull US Out Of WTO

The Canadian Press, 31 Aug, 2018 02:27 PM
    President Donald Trump has threatened to withdraw the US from the World Trade Organisation (WTO) if the body fails to change the way it treats America.
     
     
    "If they don't shape up, I would withdraw from the WTO," the BBC quoted Trump as saying in an interview with Bloomberg News on Friday.
     
     
    The WTO was established to provide rules for global trade and resolve disputes between countries. However, Trump, who has been pushing protectionist policies, says the US is treated unfairly by the body, the BBC reported.
     
     
    His warning about a possible US pull-out from the organisation highlights the conflict between the president's trade policies and the open trade system that the WTO oversees.
     
     
    Washington has also blocked the election of new judges to the WTO's dispute settlement system, to potentially paralyse its ability to issue judgments.
     
     
    Trump has been sounding off about unfair trade since even before he became president. In 2017, Trump told Fox News: "The WTO was set up to benefit everybody but us… We lose the lawsuits, almost all of the lawsuits in the WTO."
     
     
    The US has been embroiled in a tit-for-tat trade battle on several fronts in recent months. The one creating the most interest is the one with China, as the world's two largest economies wrangle for global influence.
     
     
    Trump has introduced tariffs on a number of goods imported into the US.
    A third round of tariffs on $200 billion of Chinese goods could come as soon as a public-comment period concludes next week, the BBC quoted a report as saying.
     
     
    Asked to confirm this during his interview, Trump said that it was "not totally wrong", the BBC quoted him as saying.
     
     
    China's commerce ministry has said it "clearly suspects" the US of violating WTO rules.
     
     
    An initial complaint at the WTO was filed by China in July after Trump imposed his first round of tariffs.
     
     
    The WTO, which was set up in 1994, is at the heart of the system of rules for international trade. It is the forum for sorting disputes between countries about breaches of global trade rules and it is the forum for negotiating new trade liberalisation.

    MORE National ARTICLES

    Rachel Notley Pulls Alberta Out Of Federal Climate Plan After Pipeline Decision

    Rachel Notley Pulls Alberta Out Of Federal Climate Plan After Pipeline Decision
    Alberta Premier Rachel Notley says a court decision striking down the approval of the contentious Trans Mountain pipeline expansion is a national crisis — and she's pulling her province out of the federal climate plan until Ottawa fixes it.

    Rachel Notley Pulls Alberta Out Of Federal Climate Plan After Pipeline Decision

    WHL Player Burned In Campfire Incident Tweets He Will Be Released From Hospital

    WHL Player Burned In Campfire Incident Tweets He Will Be Released From Hospital
    An Alberta player with the Western Hockey League who was seriously burned while hanging out at a backyard firepit has tweeted he will be released from a Calgary hospital today.

    WHL Player Burned In Campfire Incident Tweets He Will Be Released From Hospital

    CBC Apologizes To NDP MP Christine Moore Over Sexual Misconduct Story

    CBC Apologizes To NDP MP Christine Moore Over Sexual Misconduct Story
    OTTAWA — The CBC apologized to NDP MP Christine Moore on Thursday for failing to meet all of its editorial standards.

    CBC Apologizes To NDP MP Christine Moore Over Sexual Misconduct Story

    Missing Canadian Mom, Daughter Found In California

    Missing Canadian Mom, Daughter Found In California
    A Canadian woman and her 10-year-old daughter who vanished on their way to a Northern California camping trip were found Thursday and they were indeed camping, authorities said.

    Missing Canadian Mom, Daughter Found In California

    PM Trudeau Determined To Build Pipeline, Tackle Climate Change Despite Court Ruling

    OTTAWA — Justin Trudeau says his government remains committed to getting the Trans Mountain pipeline expansion built and also to its national climate-change plan — both of which were put in jeopardy by a bombshell court ruling that overturned federal approval for the project.

    PM Trudeau Determined To Build Pipeline, Tackle Climate Change Despite Court Ruling

    Ontario Man Accused Of Helping Foreigners Slip Into U.S. Through Railway Tunnel

    Ontario Man Accused Of Helping Foreigners Slip Into U.S. Through Railway Tunnel
    A man accused of smuggling foreigners from Canada into the U.S. through an underground railway tunnel has been arrested and faces multiple charges, American officials said.

    Ontario Man Accused Of Helping Foreigners Slip Into U.S. Through Railway Tunnel

    PrevNext