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The man in charge of overseeing global trade says ‘the first shots have been fired’ in a trade war, and ‘the situation is extremely ...
WTO Director General Roberto Azevêdo warned that trade protectionism, like President Donald Trump's tariffs, is harmful to the global economy and could undermine the international trading order.
Axios reported on Sunday that the Trump administration had drafted a bill that would abandon the US's commitment to the World Trade Organization's rules. The draft legislation is called the United States Fair and Reciprocal Tariff Act, but many have shortened it to the "FART Act."
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.
Stocks rose Friday as markets shrugged off unconfirmed reports that the US could abandon the World Trade Organization. The dollar fell against a basket of peers, and Treasury yields edged higher.
Trump reportedly wants to pull the US out of the WTO, a move that would wreck the international trade system
President Donald Trump wants the US to get out of the World Trade Organization, according to a new report. Such a move would cause chaos in the global economy and upend the decades-old international trading order.
The United States, Europe and Japan are joining forces to break the World Trade Organisation (WTO) in order to solve the “multi-trillion dollar problem" that is China, a former diplomat to the WTO told Business Insider.
There’s only one thing that can repair the damage Trump is doing to America’s relationship with its closest allies
The only thing that will fix the damage the Trump administration has done to the US relationship with its closest allies is a change of guard in the US government, according to Sebastian Mallaby at the "Council on Foreign Relations."
The Federal Reserve, IMF, and WTO are all warning President Trump to back off from his recent tariffs and trade battles.
Global markets roiled as China announced retaliatory measures against US tariffs on Tuesday evening.
File photo: A labou...