President Donald Trump's remark about possibly withdrawing the U.S. from the World Trade Organization is not a new sentiment and not a cause for panic, the WTO director general said, downplaying the line that rocked media headlines.
"It's not good enough", Trump told Bloomberg News in an Oval Office interview, speaking of the Brussels offer.
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According to Mr Trump, the body too often rules against the United States, which, although he concedes, it has won some recent judgments.
The White House in July sought to defuse the trade tiff when Trump and European Commission President Jean-Claude Juncker met and pledged to work towards a limited trade accord that would eliminate customs duties, but excluded the automobile sector. Data presented by WTO, however, contradicts the claim as it shows that Washington has won 90 per cent of the disputes when it was the complainant.
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If the United States withdraws from WTO, it would upset the worldwide trade system set up decades ago and was supported by the US.
President Donald Trump is prepared to quickly ramp up a trade dispute with China and has told aides he is ready to impose tariffs on $200-B more in Chinese imports as soon as a public comment period on the plan ends next week it was reported Thursday.
Trump claimed that the United States had "rarely" won a lawsuit at the WTO until previous year.
Beforehand, trump stated that the nation will emerge from the world commerce group, if the WTO wouldn't be higher to deal with the American aspect.
But Trump's own justice department says it is legal.
Moreover, Trump's rhetoric towards the global trade body is seen as problematic for member nations.
"We are a much stronger country", he said.