Trump denies planning to pull out of WTO

US Treasury Secretary Slams Report That Trump Wants to Exit WTO

US Treasury Secretary Slams Report That Trump Wants to Exit WTO

If realized, Trump withdrawing his country from WTO could be the star that broke the camel's back in the potential trade war the US has engaged in with nations around the world in recent months.

"Trump has explicitly told his adviser he wants to withdraw from the WTO many times".

According to Axios, a source who has discussed the subject with Trump quoted the president as frequently telling advisers: "I don´t know why we´re in it". The White House's legislative director, Marc Short, said that Trump was frustrated with the WTO but that he was not aware of any plan to get the United States out of the organization.

"I can assure you that we are not going to do anything that wipes out all those benefits or does anything that has a significant risk on growth", he told Fox Business Network. He told reporters that the WTO has to start treating the United States fairly.

Trump's distaste for the WTO and North Atlantic Treaty Organisation is in-keeping with a foreign policy that firmly rejects multilateral organisations, with previous targets for the President's ire including NAFTA, which he has threatened to leave, the Trans-Pacific Partnership, which he abandoned, and the European Union, which he frequently criticises. NATO is as bad as NAFTA (North American Free Trade Agreement). He has concerns about the WTO. In fact, Trump's own administration estimates that the US has won roughly 86 percent of the cases it's brought before the WTO - a significantly higher success rate than China, which has won just 67 percent of the cases it's brought before the WTO. "He thinks there's aspects of it that aren't fair".

The report comes in the midst of a looming trade war between the USA and China.

The report comes after Trump imposed tariffs on steel and aluminum from the US' biggest trading partners and slapped tariffs on $50 billion of Chinese goods.

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