Donald Trump threatens action on WTO after reports he wants to withdraw

Trump has complained frequently that the United States is treated unfairly in global trade and has sharply criticized the WTO for letting that happen.

Published: 03rd July 2018 04:22 PM  |   Last Updated: 03rd July 2018 04:22 PM   |  A+A-

President Donald Trump

By Reuters

WASHINGTON: U.S. President Donald Trump threatened to take action against the World Trade Organization on Monday after media reports said he wanted to withdraw from the global trade regulator.

Trump has complained frequently that the United States is treated unfairly in global trade and has sharply criticized the WTO for letting that happen.

"WTO has treated the United States very badly and I hope they change their ways. They have been treating us very badly for many, many years and that's why we were at a big disadvantage with the WTO," Trump told reporters at the White House.

"And we're not planning anything now, but if they don't treat us properly we will be doing something," he said.

News website Axios last week reported that the Republican president wants to withdraw from the WTO, drawing a prompt denial on Friday from Treasury Secretary Steve Mnuchin.

Axios reported on Sunday that Trump, who has made fighting unfair trade rules a pillar of his presidency, has ordered that legislation be written stipulating a WTO withdrawal.

But Trump's commerce secretary, Wilbur Ross, said earlier on Monday it was too soon for the United States to discuss any withdrawal from the World Trade Organization.

"WTO knows some reforms are needed. I think there really is a need to update and synchronize its activities, and we'll see where that leads," Ross told CNBC. "But I think it's a little premature to talk about simply withdrawing from it.

"We've made no secret of our view that there are some reforms needed at the WTO," Ross said.

Trump's aggressive stance on trade has roiled U.S. relations with allies and trading partners from Europe to China. He pulled out of negotiations for the Trans-Pacific Partnership shortly after taking office last year and began renegotiating the North American Free Trade Agreement with neighbors Canada and Mexico.

More recently, he imposed tariffs on steel and aluminum imported into the United States from various countries and is set to impose tariffs on billions of dollars worth of Chinese imports beginning on Friday.

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp