Trump threatens to withdraw U.S. from WTO

Trump threatens to withdraw U.S. from WTO

Trump claimed the agreement establishing the body "was the single worst trade deal ever made".

Setting his sights on a cornerstone of the global trading system, he said: "If they don't shape up, I would withdraw from the WTO".

President Donald Trump says the United States is treated unfairly in global trade. "The US concerns about areas in the WTO that they would like to improve are not new".

US Trade Representative Robert Lighthizer has said allowing China into the WTO in Y 2001 was a mistake.

The Trump administration has recently introduced a series of tariffs on imports, complaining that USA trade partners have been taking advantage of badly negotiated free-trade deals to flood the U.S. market and destroy domestic manufacturing.

On the Russian Federation collusion investigation being headed by Special Counsel Robert Mueller, Trump has said the probe is "illegal" as it continues to hone in on his inner circle.

It comes as President Trump set a Friday deadline for Canada to sign a new agreement with the United States and Mexico.

"As is the case with ceasefires, sometimes they come under threat but they are still respected".

Aaron Rodgers' Contract Extension Is Reportedly Done
On average, he will earn 33-point-five million dollars a season and is under contract with the Packers through the 2023 season. NFL Network's James Jones is reporting that Rodgers will see incentives each year, and $100 million dollars is guaranteed.

The report on President Trump's China stance coincides with USA negotiators pushing to hammer out a deal with Canadian counterparts to overhaul the North American Free Trade Agreement (NAFTA).

"If they (the WTO - Interfax) will not change for the better, I get out of the WTO", - he said in an interview with Bloomberg.

He explained: "Their customers are used to buying their cars, not ours".

In the past Trump has taken to Twitter to accuse China and the European Union of "manipulating their currencies and interest rates lower" to boost their economies at the expense of the US.

"The European Union is nearly as bad as China, just smaller", the president added.

The White House declined comment on the report.

The pair pledged to hold off from imposing new tariffs and to work towards a limited trade accord that would eliminate customs duties. He has threatened to tax the country's automotive sector or cut it out entirely.

Markets fell on the news, with vehicle makers on both sides of the Atlantic hit hardest.

Related Articles

  • Diogo Dalot's Brilliant Debut For Manchester United

    Diogo Dalot's Brilliant Debut For Manchester United

    We dropped two points or we won one point at Wolves. "We are the last team in England to win a European competition". Jose Mourinho says Alexis Sanchez will use the upcoming global break to help lift Manchester United's season.
    Homeless veteran sues couple who raised GoFundMe donations for him

    Homeless veteran sues couple who raised GoFundMe donations for him

    Meanwhile, D'Amico said that Bobbitt spent $25,000 of they money they did give him on drugs in the span of two weeks in December. The couple also bought Mr Bobbitt a camper with some of the funds and parked it on land Ms McClure's family owns in Florence.
    Kurt Zouma sends message to Chelsea FC boss Maurizio Sarri

    Kurt Zouma sends message to Chelsea FC boss Maurizio Sarri

    Chelsea boss Maurizio Sarri has revealed he will decide who to make the club's captain during the global break. Maurizio Sarri believes Marcos Alonso is a "very good player" but can still work on his defensive attributes.
  • Bears to acquire Raiders pass rusher Khalil Mack

    Bears to acquire Raiders pass rusher Khalil Mack

    According to Adam Schefter, the Bears are signing Mack to a six-year, $141 million deal with $90 million guaranteed. Over the last three seasons, he's picked up 36.5 sacks and forced eight fumbles in that time span.
    Valley residents pay respect to Senator John McCain

    Valley residents pay respect to Senator John McCain

    A few firefighters saluted from atop a fire engine parked on an overpass as the motorcade passed underneath on Interstate 17. John McCain , R-Ariz., speaks at a rally in Tampa, Fla. "I know what he went through", Conklin said of the Arizona senator.
    3rd hurricane of season in Atlantic predicted by Sunday

    3rd hurricane of season in Atlantic predicted by Sunday

    NHC officials said Friday morning that the weather system has a 90 percent chance of tropical development over the next two days. However, the weather service doesnt believe the tropical wave poses a threat to the region because its so disorganized.
  • George W. Bush Slipped Michelle Obama Some Candy At John McCain's Funeral

    George W. Bush Slipped Michelle Obama Some Candy At John McCain's Funeral

    Bush said that McCain could frustrate him but he also made him better and that over the years their rivalry melted. His widow, Cindy McCain , is set to lay a ceremonial wreath there.
    Dutch anti-Islam lawmaker Wilders cancels Prophet Muhammad cartoon contest

    Dutch anti-Islam lawmaker Wilders cancels Prophet Muhammad cartoon contest

    He is accused of preparing to commit a murder and inciting with terrorist intent, among other crimes. Meanwhile, the Dutch government had been at pains to distance itself from the contest.
    Huawei shows off 7nm Kirin 980 SoC

    Huawei shows off 7nm Kirin 980 SoC

    The company confirmed that the Kirin 980 SoC would power its new Mate-series smartphone , which is set to launch in October 2018. When a user attempts to snap a photo of a moving person, the ISP can still recognise the subject with 97.4 per cent accuracy.
  • Celebrity Big Brother 2018: Why did Roxane Pallett leave the house?

    Celebrity Big Brother 2018: Why did Roxane Pallett leave the house?

    Meanwhile, in more CBB news, Ryan has become the new favourite to win the series in the latest odds. Speaking in the diary room, Pallett said: "He actually punched me like a boxer would punch a bag".
    Raiders Agree To Trade Khalil Mack To Chicago Bears

    Raiders Agree To Trade Khalil Mack To Chicago Bears

    The Raiders will acquire at least two first-round picks in a trade that is not yet official, according to NFL Network . Last season, though, his 10.5 sacks were his fewest since his rookie year, and he was not named to the All-Pro team.
    Man Utd boss Mourinho pleased for Shaw: He's stronger physically and mentally

    Man Utd boss Mourinho pleased for Shaw: He's stronger physically and mentally

    He added that last season was "one of his greatest achievements" after leading his side to second place finish on the table. The quality of the managers I believe is when you get to that level, all the managers they are top, top managers".