Donald Trump threatens to pull U.S. out of World Trade Organization

Posted September 03, 2018

The US president said America was being treated badly by WTO rules, adding that if the trade body "does not shape up, I could withdraw from the WTO".

According to U.S. Trade Representative Robert Lighthizer, allowing China into the WTO in 2001 was a mistake and that the United States should take a more aggressive approach to the WTO which he said was incapable of dealing with a non-market economy such as China.

"It's not good enough", Trump told Bloomberg News in an Oval Office interview, speaking of the Brussels offer.

WTO has been under the radar of Trump's rhetoric even before he became the President. "We agreed with Trump on a kind of ceasefire when it comes to new auto tariffs", Juncker told German broadcaster ZDF.

Speaking about the WTO, Trump told Bloomberg he would pull out unless the organization starts treating the United States better.

Trump continued, "In the past year, we're starting to win a lot". During his campaign, he had said that the "single-worst decision ever made by the US" was to join the WTO in 1994.

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Mr Trump's warning about a possible U.S. pull-out from the WTO highlights the conflict between his protectionist trade policies and the open trade system that the WTO oversees.

"We continue to be encouraged by the constructive atmosphere that I think both countries are bringing to the table", Canada's Foreign Affairs Minister Chrystia Freeland told reporters Thursday after leaving a meeting with U.S. Trade Rep. Robert Lighthizer.

A public comment period on the proposal is set to end on 6 September and President Trump plans to impose the tariffs after that deadline. Click for more on Trump's wide-ranging interview.

As the largest economy in the world "the reality is that the USA has brought more dispute cases than anybody else" and been a target of more than any other member, Azevedo said. The dollar strengthened against sterling, the euro and the yuan as traders digested Mr Trump's words. It is the forum for sorting disputes between countries about breaches of global trade rules and for negotiating new trade liberalisation.

Trump has credited his electoral success to his hard line on trade, which he has argued hurts United States workers and favors foreign competitors.

"We are not being accommodated", he said.

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