Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.net
News

Trump Threatens to Leave WTO if Conditions Not Met

Wednesday 14 August 2019
Trump Threatens to Leave WTO if Conditions Not Met

Alwaght- Donald Trump has threatened to pull his country out of the World Trade Organization (WTO) over what he claims are years of mistreatment at the hands of the Geneva-based organization.

"We will leave if we have to," Trump told workers at a chemical plant in Pennsylvania on Tuesday. "We know that they have been screwing us for years and it's not going to happen again.”

Washington claims that some of the world's richest countries, like China, style themselves as "developing countries" and “enjoy the benefits that come with that status and seek weaker commitments than those made by other WTO members.”

Among the benefits that Trump has outlined concerning the developing economy status at the WTO are procedural advantages in disputes, softer tariff cuts, the ability to maintain export subsidies and weaker commitments in negotiations.

The US president went on to say on Tuesday that Washington does not need the WTO if the organization fails to address such regulatory loopholes that favor certain nations.

"They view certain countries like China, India, many countries - they've viewed them as growing, they are growing nations. [...] Well, they have grown, and they had tremendous advantages. We are not letting that happen anymore", he said.

This is not the first time Trump has attacked the global trading body.

Claiming that the US is disadvantaged as a WTO member, the American head of state has also repeatedly called the organization a "catastrophe" and a "disaster" for the US.

Last year, he threatened to withdraw the US from WTO, accusing it of treating his country unfairly.

He also said Washington did not have to abide by the Organization’s rulings.

Trump’s latest remarks come against the backdrop of his multiple trade conflicts with both allies and rivals, including China, Mexico, and Canada.

Trump initiated what is effectively a trade war with China last year, when he first imposed unusually heavy tariffs on imports from the country. Since then, the two sides have exchanged tariffs on more than $360 billion in two-way trade.

Since last March, Trump has also imposed 10 percent tariffs on aluminum imports and 25 percent tariffs on steel imports, which mainly affected the EU, Canada, and Mexico.

 

Tags :

US Trump WTO

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Courages Individiuals like Sinvar are on the Rise

Courages Individiuals like Sinvar are on the Rise