Close X
Monday, December 2, 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

    B.C. Crown Says Officer Who Used Dog On 'Unpredictable' Suspect Had No Choice

    B.C. Crown Says Officer Who Used Dog On 'Unpredictable' Suspect Had No Choice
    VICTORIA — British Columbia's prosecution service says a police officer who deployed a service dog during an arrest was not charged with any offence because he had no other way to deal with an unpredictable suspect.

    B.C. Crown Says Officer Who Used Dog On 'Unpredictable' Suspect Had No Choice

    B.C. Real Estate Market Tips To Balance Amid New Mortgage Rules: Association

    B.C. Real Estate Market Tips To Balance Amid New Mortgage Rules: Association
    The British Columbia Real Estate Association says tighter mortgage rules and lower demand are bringing the provincial housing market into balance.

    B.C. Real Estate Market Tips To Balance Amid New Mortgage Rules: Association

    Parody Account Targeting Iqra Khalid’s ‘Muslim Heritage’ Closed After MP Complains To Twitter

    Parody Account Targeting Iqra Khalid’s ‘Muslim Heritage’ Closed After MP Complains To Twitter
    OTTAWA — A Twitter account billing itself as a parody of Liberal MP Iqra Khalid has been closed after she complained about references to her Muslim heritage and claims she supports Sharia law and the Islamic State militant group.

    Parody Account Targeting Iqra Khalid’s ‘Muslim Heritage’ Closed After MP Complains To Twitter

    Canada Post Mail Carrier Seen On Video Munching Pilfered Tomatoes

    Canada Post Mail Carrier Seen On Video Munching Pilfered Tomatoes
    MONTREAL — Canada Post says it has spoken to a Montreal mail carrier who can be seen on video on four separate days pilfering tomatoes from a hanging basket outside a home.

    Canada Post Mail Carrier Seen On Video Munching Pilfered Tomatoes

    Canada-U.S. Ferry Service Proposes Moving From Portland To Bar Harbor

    Canada-U.S. Ferry Service Proposes Moving From Portland To Bar Harbor
    An international ferry service that links Canada with the United States could move to a new port in Maine, a change that could see Nova Scotia paying for upgrades to an American town's ferry docking facilities.

    Canada-U.S. Ferry Service Proposes Moving From Portland To Bar Harbor

    Mary Hare, Student Whose Throat Was Slashed In UBC Dormitory Alleges Negligence In Lawsuit

    Mary Hare, Student Whose Throat Was Slashed In UBC Dormitory Alleges Negligence In Lawsuit
    VANCOUVER — A young woman whose throat was slashed inside a University of British Columbia student residence has filed a lawsuit against the school alleging negligence.

    Mary Hare, Student Whose Throat Was Slashed In UBC Dormitory Alleges Negligence In Lawsuit