Global Trade & Economy

Trump telling officials he wants to withdraw US from World Trade Organization: report

President Trump has spoken to advisors about leaving the World Trade Organization (WTO), according to a Friday report in Axios.

“He’s [threatened to withdraw] 100 times. It would totally [screw] us as a country,” one source told the news outlet.

That same source described Trump’s remarks about trade to Axios.

{mosads}“’We always get f—ed by them. I don’t know why we’re in it. The WTO is designed by the rest of the world to screw the United States,’” the source quoted Trump as saying.

The president repeatedly railed against trade deals like the North American Free Trade Agreement during his 2016 campaign.

Trump in March announced he would impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.

Meanwhile, last week the president threatened to place a 20 percent tariff on all European cars coming into the United States, the latest threat in Trump’s escalating rhetoric on international trade.

Earlier this month Trump said he would impose tariffs on $50 billion worth of Chinese goods. China appealed to the WTO about the steel and aluminum tariffs. 

Tags China Donald Trump World Trade Organization

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