Trump Threatens to Pull USA Out of WTO

Posted on: 31/08/2018

Markets reacted nervously to President Trump's threat today (Friday 31 August) the the USA would withdraw from the World Trade Organisation (WTO) if it didn't "shape up" and treat his country more fairly.

"I don't know why we're in it." The President was reported to have said. "The WTO is designed by the rest of the world to screw the United States."

Government sources later played down the remarks, one suggesting they were "a little premature."

In the same interview, Trump suggested that he wanted to proceed with plans to impose addtional tariffs on Chinese imports as early as next week, which would be the earliest possible date when the public comment period ends.

 

 

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