Donald Trump threatens action on WTO after reports he wants to withdraw

The Trump Team Has Reportedly Been Drafting Something Called The ‘FART Act

Now, Axios has obtained a leaked draft of a bill that is created to do just that, called the "United States Fair and Reciprocal Tariff Act".

During a press conference with Dutch Prime Minister Mark Rutte, President Trump told reporters at the White House on Monday the WTO has treated the U.S.

Trump also said on Sunday that the EU was "as bad" as China when it came to the way European countries traded with the US.

A Russian official told the WTO meeting that the issue of US investigations had been raised over the past year in different WTO meetings, only to see things change for the worse.

President Trump has reportedly ordered a bill that would grant him the authority to raise USA tariffs as he sees fit, without the approval of Congress or the World Trade Organization (WTO).

Trump is reportedly considering a draft bill that would give him authority to ignore World Trade Organization (WTO) rules and increase U.S. import tariffs.

United States President Donald Trump is shifting how global trade functions.

But many diplomats say quitting the WTO would not be in the U.S. interest, and the WTO has said it has never had any indication of Mr Trump intending to leave.

It is called the United States Fair and Reciprocal Tariff Act.

The move means Russian Federation has joined other powerful WTO members - including the European Union, China, India, Mexico and Canada - in fighting back against President Donald Trump's controversial trade policies. "China and other countries have used the WTO to their own advantage, and we're focused on fixing the system, and that would include that", Sanders said.

President Donald Trump said the World Trade Organisation treats the United States unfairly, even though the American government wins most of the cases it initiates with the body.

Despite the warnings, the president is serious about his threats, something that for many was just a negotiation strategy, but the response of the global community - the imposition of tariffs by Canada, Mexico, and China, as well as the widespread rejection in Europe - seems to indicate that the commercial war is now a reality. As per the Financial Times' report, the European Commission has sent a letter to the US Department of Commerce stating that the EU can slap $300 Billion of US products with taxes if Trump pursues through on his intimidations to put huge tariffs on European automobiles being imported to the US.

Moscow considers that the 25 percent tariffs on the entry of steel to North American soil and 10 on aluminum in no way are in accordance with WTO agreements on commercial tariffs, signed in 1994.

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