Claiming Unfair Treatment, Trump Threatens To Pull United States From WTO


In an interview yesterday, President Trump called the WTO's founding agreement "the single worst trade deal ever made" and said the us would leave the global body if it doesn't "shape up". During his campaign, he had said that the "single-worst decision ever made by the US" was to join the WTO in 1994.

"The hatred and extreme bias of me by @CNN has clouded their thinking and made them unable to function".

Trump has been critical of the WTO, which was formed in 1994 as an worldwide body tasked with creating a global trade structure and resolving disputes between countries.

But Trump's decision to impose tariffs on steel and aluminum imports from other countries, combined with additional tariffs on Chinese goods, has put the a hard position.

Trump has credited his electoral success to his hard line on trade, which he has argued hurts U.S. workers and favors foreign competitors.

However, some analysis shows the United States wins about 90% when it is the complainant and loses about the same percentage when it is complained against.

In the wide-ranging interview, Trump also said he likes and respects Federal Reserve chairman Jerome Powell, despite publicly disagreeing with the Fed's recent interest rate increases.

Lawyer was told Russian Federation had 'Trump over a barrel,' sources say
Ohr's wife, Nellie, who worked for the political research firm, Fusion GPS, that hired Steele, attended at least part of it. Justice Department spokeswoman Sarah Isgur Flores declined to comment.

Washington has also recently been blocking the election of new judges to the WTO's dispute settlement system, which could potentially paralyse its ability to issue judgment, according to the British Broadcasting Corporation.

Mr. Lighthizer accused the WTO dispute-settlement system of interfering with USA sovereignty, particularly on anti-dumping cases.

It comes as President Trump set a Friday deadline for Canada to sign a new agreement with the U.S. and Mexico. The AP reports Beijing on Monday formally sought "dispute consultations" over the latest round of tariffs-$16 billion of them-imposed last week on Chinese goods.

Why is Trump mad at the WTO?

Trump said in an interview on Thursday that Mueller's appointment previous year to investigate his 2016 election campaign for possible collusion with Russian Federation was wrong.

Trump said it was "not totally wrong", it said.

"We are not being accommodated", he said.

Moreover, Trump's rhetoric towards the worldwide trade body is seen as problematic for member nations. "More good news is coming!"