From United Press International
Trump threatens to pull out of WTO
Aug. 14 (UPI) -- U.S. President
Donald Trump threatened to pull out of the World Trade Organization, saying "we'll leave if we have to."
At the site of an under-construction petrochemicals plant in Monaco, Pa., for
a speech Tuesday that was to be about energy policy, Trump said that the United States has been taken advantage of by WTO member states, especially China, for too long -- and it was about to stop.
"We know that they have been screwing us for years," he told the crowd of workers. "And it's not going to happen any longer."
He said China has "ripped off" the United States for years with the support of U.S. money through the WTO, and if the international trade regulator isn't going to be fair, "we don't need it."
COMMENT:-
I suppose that there is some possibility that Mr. Trump has determined that the WTO is not "being fair" to the United States of America because the US government keeps on losing cases where other countries allege that the US is "breaching the WTO rules" AND THEN have the absolute gall to actually prove their cases.
Of course every other country in the world is going to be positively overjoyed to allow the US government to set all of the rules for trade (and to change them whenever the President of the United States of America feels like changing them [and to have all of the cases regarding US government actions heard and determined by American courts {where the US government has the power to preclude the court from even entertaining the case <"for reasons of 'national security'" - where the absolute authority to decide if a case involves "national security" rests with the President of the United States of America ->}]).