Weekly News

Trump Threatens to Pull US Out of World Trade Organization

July 25,2016 03:43

Republican presidential nominee Donald Trump threatened to pull the U.S. out of the World Trade Organization if membership in the global trade body interferes with his plan to impose penalties on companies that move American production offshore.

Republican presidential nominee Donald Trump said on Sunday that he would consider pulling the United States out of the World Trade Organization should he end up winning the election.
The comments, made to NBC’s “Meet the Press,” are the latest in a series of Trump threats to pull the U.S. away from international institutions and compacts. Trump’s disgust for trade deals is well-known. And in the midst of his convention in Cleveland, he reiterated to The New York Times that he would not come to the aid of NATO allies if they hadn’t fully paid their dues to the organization.
Trump’s distaste for the WTO appears to be based on his view that it’s helped create a trade imbalance for the United States ― though he doesn’t explicitly say that; he merely calls the organization “a disaster.”
Trump said that he would like to levy a tax of somewhere between 15 and 35 percent on the products of U.S. companies that move their production jobs overseas. When “Meet the Press” host Chuck Todd told him that some of those hikes “aren’t going to get through” the WTO, the Republican nominee responded in kind.
“Then we’re going to renegotiate or we’re going to pull out,” he said. “These trade deals are a disaster, Chuck. You know, the World Trade Organization is a disaster.”
Editor’s note: Donald Trump regularly incites political violence and is a serial liar, rampant xenophobe, racist, misogynist and birther who has repeatedly pledged to ban all Muslims ― 1.6 billion members of an entire religion ― from entering the U.S.

Donald Trump,donald trump world trade organization,world trade organization,wto trump

Share this article

Related videos

Trump Threatens To Pull The U.S. Out Of The World Trade Organization
Trump Threatens To Pull The U.S. Out Of The Wor...
HMTV Telugu News Live | Telugu Live News Channel | HMTV Live I HMTV
HMTV Telugu News Live | Telugu Live News Channe...