Trump Just Sent Out Crazy Threat To WTO After Reports Said That He Wants To Resign
Donald Trump threatened to take action against the World Trade Organization on Monday after reports had claimed that the president wanted to withdraw from the global trade regulator.
Trump has criticized the WTO in the past, saying that it’s their fault for the U.S. being treated unfairly in global trade.
“WTO has treated the United States very badly and I hope they change their ways. They have been treating us very badly for many, many years and that’s why we were at a big disadvantage with the WTO,” Trump told reporters at the White House.
“And we’re not planning anything now, but if they don’t treat us properly we will be doing something,” he said.
According to Axios, Trump wanted to withdraw from the WTO. He reportedly ordered that legislation be written stipulating a WTO withdrawal.
But, according to Trump’s commerce secretary, Wilbur Ross, it was too soon for the U.S. to withdraw from the WTO.
“WTO knows some reforms are needed. I think there really is a need to update and synchronize its activities, and we’ll see where that leads,” Ross told CNBC. “But I think it’s a little premature to talk about simply withdrawing from it.
“We’ve made no secret of our view that there are some reforms needed at the WTO,” Ross said.