President Trump has announced plans to withdraw from the “corrupt” World Trade Organization (WTO), the White House has confirmed.
“He’s [threatened to withdraw] 100 times. We always get f—ed by them. I don’t know why we’re in it. The WTO is designed by the rest of the world to screw the United States,” a White House staffer told Axios.
Thehill.com reports: Trump in March announced he would impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.
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Meanwhile, last week the president threatened to place a 20 percent tariff on all European cars coming into the United States, the latest threat in Trump’s escalating rhetoric on international trade.
Earlier this month Trump said he would impose tariffs on $50 billion worth of Chinese goods.
China appealed the steel and aluminum tariffs to the WTO.
Sean Adl-Tabatabai
Trump can do whatever he wants because he is dictator, I mean President, of the beast of revelations, however, I as a Canadian am sick and tired of paying a 25-30% surcharge on everything I buy because the US dollar, worthless fiat that it is, is the global reserve currency.
I look forward to Canada’s swing to Russia where we might actually get a fair shake for our substantially ‘backed with resource assets’ ‘dollar’. I can also do without PayPal, Ebay and Amazon’s chokehold on internet commerce. Time to stop sucking on the tit and go gault if you ask me.
Hey, I love American people until they start talking polite tics which they all seem to have a few of. Dang, even in Canada now; polite tics are everything. Way worse than lyme tics.