Close X
Sunday, November 24, 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

    Two Men Charged In Port Coquitlam Home Invasion

    Two Men Charged In Port Coquitlam Home Invasion
    Two suspects have been formally charged and remanded in custody after an alleged home invasion last Thursday, August 16, 2018, in the 4000 block of Liverpool Street, Port Coquitlam.

    Two Men Charged In Port Coquitlam Home Invasion

    Man Arrested After Speeding Mercedes Crashes Into Surrey Home’s Garage

    Man Arrested After Speeding Mercedes Crashes Into Surrey Home’s Garage
    Surrey RCMP has arrested an adult male and seeking a second suspect following the collision of a speeding vehicle into a residence in the 12700 block of 67A Avenue.

    Man Arrested After Speeding Mercedes Crashes Into Surrey Home’s Garage

    Maxime Bernier Put Own Ambitions Ahead Of Party, Country, Says Conservative Leader Andrew Scheer

      HALIFAX — Conservative Leader Andrew Scheer is accusing Quebec MP and former leadership rival Maxime Bernier of putting his own personal ambitions ahead of the chance to make Canada a better place.

    Maxime Bernier Put Own Ambitions Ahead Of Party, Country, Says Conservative Leader Andrew Scheer

    Maxime Bernier Quits Conservatives, Plans To Start New Party

    Maxime Bernier Quits Conservatives, Plans To Start New Party
    Maverick Quebec MP Maxime Bernier, whose open defiance has been a major headache for the Opposition Conservatives, is quitting the party — and he's not pulling his punches.

    Maxime Bernier Quits Conservatives, Plans To Start New Party

    DARPAN's Extraordinary Achievement Awards 2018 Are Almost Here!

    DARPAN's Extraordinary Achievement Awards 2018 Are Almost Here!
    The nominations for the much-awaited 9th Annual DARPAN Extraordinary Achievement Awards are now open. 

    DARPAN's Extraordinary Achievement Awards 2018 Are Almost Here!

    Protesters Accuse Trudeau Of Fiddling On Pipeline While Climate Change Burns BC

    NANAIMO, B.C. — Justin Trudeau's twin objectives to reduce Canada's carbon emissions and build a pipeline to carry oilsands bitumen to the coast are colliding in a province ravaged by wildfires that the prime minister's own government attributes to climate change.

    Protesters Accuse Trudeau Of Fiddling On Pipeline While Climate Change Burns BC