Published: Fri, July 06, 2018
Business | By Eloise Houston

WTO needs to change ways or USA will do 'something'

WTO needs to change ways or USA will do 'something'

Potentially adding to the concerns, news website Axios obtained a leaked draft of bill ordered by President Donald Trump that would declare America's abandonment of fundamental World Trade Organization rules.

During a press conference with Dutch Prime Minister Mark Rutte, President Trump told reporters at the White House on Monday the WTO has treated the U.S.

Since then, the world's top imperialist power - the United States - has employed the WTO as a means to establish its transnational corporations' dominance in less-developed markets, using the Dispute Settlement Body of the WTO towin far more trade disputes than any other country in the body, especially against those countries that are economically (and literally) outgunned by US power. Trump has reportedly been discussing the withdrawal of the US from the WTO altogether.

USA officials in Geneva, home of the WTO, did not immediately respond to a request for comment on Monday.

"Right now he'd like to see the system get fixed, and that's what he's focused on doing", Sanders said. "The current system gives the U.S. no leverage and other countries no incentive". Jean-Claude Juncker, head of the European Commission, the 28-nation bloc's executive arm, said Mr Trump's fixation on a U.S. trade deficit in goods ignores a services surplus.

Trump later told reporters on Air Force One that he doesn't plan to withdraw the USA from the WTO "at this point" but added: "something is going to have to be done - we're not being treated fairly on trade", the Associated Press reported. However, Congress is unlikely to approve the measure.

"It is no secret that POTUS has had frustrations with the unfair imbalance of tariffs that put the U.S. at a disadvantage", she told Axios.

Those statements follow the presidents comments about the bloc's treatment of trade deals with the U.S.

Just days ago the president enacted tariffs on steel and aluminum imports, which he said could lead to duties on foreign-made auto parts.

"We'll spare no effort, be it at the technical or political level, to prevent this from happening", a spokesman for the commission told reporters, adding that commission President Jean-Claude Juncker's trip to Washington later this month would seek to stop any new USA tariffs. "It's appalling what they do to us", prior to citing the "car situation".

The difference with Trump's strategy is that "the motivations behind his tariffs are something new" that breaks with the diplomatic tradition or "the rules of the game" created under the U.S.'s own signature. "I guess that producers of trucks in the USA that now enjoy the protection of a 20 percent tariff would not be very eager to surrender that protection", she said. Both sets of tariffs would be based on concerns about US national security.

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