International Trump threatens to pull US from WTO 'if we have to'

Trump threatens to pull US from WTO ‘if we have to’

Author

Date

Category

- Advertisement -

President Donald Trump threatened Tuesday to pull the United States out of the World Trade Organization if conditions are not improved.

“We will leave if we have to,” Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.

“We know that they have been screwing us for years and it’s not going to happen again,” he said.

Trump has made the WTO the target of many previous attacks, and threatened before to withdraw, claiming unfair treatment toward the US and saying Washington does not have to abide by WTO rulings.

- Advertisement -

He is especially critical about the terms granted to China when it joined the organization, given US complaints about Chinese theft of American technology.

But the United States in fact has a successful track record of winning disputes mediated by the global trading body.

While calling for reforms to the institution’s rules, the Trump administration also has effectively paralyzed its work.

By blocking naming of new members to the appellate panel part of the Dispute Settlement Body that arbitrates disputes, the system will grind to a halt by the end of the year.

Chad Bown, a trade expert with the Peterson Institute for International Economics, said the moves weakening the WTO have done “lasting damage,” not all of which can be reversed.

© Agence France-Presse

Send in your scoop to news@theindependent.sg 

- Advertisement -

Josephine Teo: From May 1, Dependant’s Pass holders will need work pass for employment

Singapore — Manpower Minister Josephine Teo announced on Wednesday (March 3) tighter new rules for foreigners on Dependant’s Passes (DP) who want to work in Singapore. From May 1 of this year, they will need to obtain their own work passes, such...

😊 – Rest of the word = Smiley and happy: 😊 – Singapore= Symbol of anarchy

  I just saw a news clip in the Today newspaper, which said that Mr Louise Ng, the Member of Parliament (MP) for Nee Soon Group Representation Constituency (GRC), was being investigated by the police for holding up a “smiley face”, encouraging...

Actor seen on Mediacorp’s Vasantham accused by budding artiste of wanting to sleep with him after “private show”

Update as of Mar 4:   In response to TISG’s queries, Selva said: “There have been troubling allegations surfacing recently. I simply wish to say, I did not send any inappropriate message via Facebook. I believe my account was hacked before this incident, which...

Send in your scoop to news@theindependent.sg 

Theindependent