Trump threatens to leave WTO after European Union warning on auto tariffs

Leroy Wright
July 5, 2018

The proposal would likely face significant headwinds in Congress, including from Trump's own party, which has embraced free trade agreements and bristled at the administration's tariffs on key USA trading partners.

The draft bill published by Axios did not mention the WTO, but its report said the law would allow the United States to disregard tariff limits agreed at the WTO since 1995.

The US has "a big disadvantage with the WTO".

White House aides who President Trump ordered to draw up a bill to have the nation get around WTO trading rules came up with an odious response: the FART Act.

In an interview with Reuters last week, an unnamed source said that the President has privately expressed a desire to quit the WTO, but that it was not a serious proposal.

If the goal was to get lower tariffs for USA exports, Trump could do that by negotiating trade agreements, he said. And China and other countries have used the WTO to their own advantage. "And it would completely remove us from the set of global trade rules". Russian Federation approached the World Trade Organization (WTO) with a request to hold consultations with the United States concerning steel and aluminum duties imposed by Washington, the WTO press service reported on Monday.

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A GoFundMe campaign to assist with the Schaffer's medical and travel expenses has raised more than $80,000 as of Monday evening. Her husband Tyrane Jackson, who suffered burns, was among the four Americans transported by the U.S.

Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization (WTO) on Tuesday about possible U.S. measures imposing additional duties on imported autos and parts. The largest USA nail manufacturer, Mid-Continent Nail, has laid off 60 workers and said it might be out of business by the end of the summer.Warnings of a slowdown come as administration officials, including the president, continue to offer defiance as its single public policy position.

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

The White House didn't immediately respond to HuffPost's request for comment.

U.S. President Donald Trump said on June 29 that the probe would be completed in 3-4 weeks.

The EU has called the levies pure protectionism, imposed retaliatory tariffs and complained to the World Trade Organization.

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