WTO has treated USA very badly; hopes it mends its ways


WTO has treated USA very badly; hopes it mends its ways

His comments came after the Axios news website reported that Trump's administration has drafted proposed legislation that would allow Trump to raise tariffs at will and negotiate special tariff rates with specific countries - two basic violations of WTO rules. "WTO has its flaws, but the 'United States Fair and Reciprocal Tariff Act, ' aka the U.S. FART Act, stinks", writes Anthony Scaramucci.

"The problems are coming from the behavior of a single country that would like to return to the jungle", a senior WTO official told Germany's Der Spiegel, in clear reference to the U.S.

"Right now, he'd like to see the system get fixed, and that's what he's focused on doing", Ms Sanders said.

Trump has long criticised the WTO for allowing countries such as China to levy high tariffs on USA goods such as cars, even as its economy has matured.

"We face unfair trade barriers", the official said, adding, "something needs to be done". "We are going to be continuing negotiations with individual countries as well as organisations", she said.

He does, however, think aspects of the current dispensation disadvantage the U.S. and would like to see changes.

"In the context of growing trade tensions", Mr Tusk told the EU Parliament on Tuesday, the bloc's leaders are aware of "the importance of preserving and deepening the rules-based multilateral system".

Gonzalez said the concept of particular sectors being exempt from tariffs was first suggested by Robert Zoellick when he was the US trade representative during the presidency of George W. Bush.

The withdrawal of the USA, the world's largest economy, from the organization, could signal the end of the rules-based global trading system, economists have warned.

It would be in the best interest of countries around the world to follow Trump's plan for free and fair trade, said Hassett.

Jean-Claude Juncker, the European Union commission president, is set to travel to Washington this month for a meeting with Trump, and European Union officials will take part in a public hearing organised by the Department of Commerce on July 19th.

Under the bill, Trump would be able to impose tariffs without congressional consent. We have countries slapping tariffs on each other.

The Netherlands is part of the European Union, which has been involved in a trade dispute with Trump over the automobile imports.

At a meeting of the World Trade Organization, major USA trade partners have warned about the consequences of a possible U-S decision to impose additional tariffs on auto imports.



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