The US President complains about the unfair treatment of his country in the organization.
President Donald Trump has threatened to withdraw the US from the world trade organization if conditions do not improve.
“We’ll leave if we have to,” Trump told a cheering audience of workers at the Shell chemical plant in Pennsylvania.
“We know they’ve been fooling us for years, but it won’t happen again,” he added.
The WTO has been the target of Trump’s attacks many times before. Previously, he also threatened to leave the organization, claiming unfair treatment of the United States and that Washington is not obliged to obey the decisions of the WTO.
He was particularly displeased with the conditions provided to China when that country joined the organization – given the US complaints about China’s theft of American technology.
But in fact, the US has a successful experience of winning disputes through the WTO.
Calling for reform of the rules of this organization, Trump paralyzed its work.
Due to the blocking of the appointment of new members of the Appeals Board of the dispute settlement body, the system will simply stop by the end of the year.
Chad Baun, a trade expert at the Peterson Institute for International Economics, says that attempts to weaken the WTO have caused “long-term damage” that cannot be fully compensated.