GENEVA (Reuters) – President Donald Trump has repeatedly told White House leaders that he wants to strip the US from the World Trade Organization, which could be catastrophic for global trade, news agency website Axios said Friday. quote the people involved in the discussions.
A person who spoke to Axel Trump about the issue, The President often told the advisers, "I do not know why we're there." The World Trade Organization (WTO) is destined for the rest of the world to hex the United States. "
The 164-member WTO is the only international organization that deals with the trade rules between countries to benefit all.
A US withdrawal would require an act of US Congress, and Trump would probably not bring the legislator to fulfill his request, according to the Axios report.
"Sources with knowledge of the situation say that the Trump administration will continue to draw attention to various ways in which the US is hit, which some Trump consultants perceive as unfair and unbalanced WTO treatment, "the report said.
The White House did not respond promptly to a request for comment.
Last Friday, the United States tightened its WTO challenge and told the Geneva-based business organization that vetoing appeals in commercial disputes could be vetoed if allowed longer than allowed It would take 90 days.
The statement by US ambassador Dennis Shea threatened to be a key element of trade enforcement undermining the 23-year-old WTO: a binding settlement of disputes widely regarded as an important bulwark against protectionism.
It came as Trump, who in the past had railed against the WTO judges, threatened to impose a 20 percent import tax on EU cars, the latest in an unprecedented campaign of threats and tariffs, to US trading partners to punish.
U.S. Finance Minister Steve Mnuchin was asked on Friday whether the new tariffs imposed or threatened by the United States could undo gains from the tax cuts that came into force six months ago.
"I can assure you that we will do nothing that nullifies all these benefits or does anything that carries a significant growth risk," he told Fox Business Network.
Reporting by Tom Miles; Additional coverage by Eric Walsh and Doina Chiacu in Washington; Arrangement of Bernadette Baum