Scaramucci mocks draft of Trump trade bill as 'FART Act'

Scaramucci mocks draft of Trump trade bill as 'FART Act'

Former White House communications director Anthony ScaramucciAnthony ScaramucciWell-wishes pour in across media for Chris Cuomo after coronavirus diagnosis The Memo: Trump mulls the biggest gamble of his presidency The Memo: Trump's coronavirus briefings face criticism MORE on Monday criticized President TrumpDonald John TrumpPelosi eyes end of April to bring a fourth coronavirus relief bill to the floor NBA to contribute 1 million surgical masks to NY essential workers Private equity firm with ties to Kushner asks Trump administration to relax rules on loan program: report MORE's Fair and Reciprocal Tariff Act, mocking it as the "FART Act" and saying the legislation "stinks." 

"WTO has its flaws, but the 'United States Fair and Reciprocal Tariff Act,' aka the U.S. FART Act, stinks. American consumers pay for tariffs," Scaramucci said. "Time to switch tactics."

His comments come a day after Axios published a leaked copy of a trade bill that would have the U.S. break with World Trade Organization rules. 

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Axios reports that under the bill the U.S. would elect to abandon the "most favored nation" principle, which says countries are not allowed to set different tariff rates for different countries outside of free trade agreements.

Trump was briefed on the drafted bill in May, according to the report. 

"It is no secret that POTUS has had frustrations with the unfair imbalance of tariffs that put the U.S. at a disadvantage. He has asked his team to develop ideas to remedy this situation and create incentives for countries to lower their tariffs. The current system gives the U.S. no leverage and other countries no incentive," White House spokeswoman Lindsay Walters told Axios

Scaramucci's comments come just days after he said that Trump's trade wars may be going too far.

On Sunday, Canada retaliated against Trump's steel and aluminum tariffs by imposing tariffs on about $13 billion worth of U.S. exports.