The Trump administration reportedly drafted a bill to abandon key World Trade Organization rules


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donald trumpAssociated Press/Evan Vucci

The Trump administration has reportedly drafted a bill that would abandon the US’ commitment to the World Trade Organization’s rules.
Trump has recently been angling to withdraw the US from the WTO altogether — though Congress is unlikely to approve such a measure.
Administration officials involved in drafting the legislation told Axios it was “insane.”

The Trump administration has drafted legislation that would empower the president to ignore international trade rules set by the World Trade Organization, according to a leaked draft of the bill obtained by the news website Axios.

The draft bill, known as the “United States Fair and Reciprocal Tariff Act,” would essentially allow President Donald Trump to unilaterally raise tariffs without Congress’ approval.See the rest of the story at Business Insider

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Original Article : HERE ; This post was curated & posted using : RealSpecific


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