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Monday, March 17, 2025
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    HomeBusinessCustoms: How Trump disempowers the world trade organization WTO - economy

    Customs: How Trump disempowers the world trade organization WTO – economy

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    Even during his first term, it was clear that US President Donald Trump also had a strong opinion about the World Trade Organization (WTO): “The WTO is the worst organization ever created!” He hurled Gary Cohn, the then director of the US Economic Council, of all things, during a presentation that was about how the United States had benefited from the decisions of the WTO arbitral tribunal in various trade discounts. “It's nonsense, that's wrong,” insisted Trump. The United States would lose most cases. Cohn contradicted. According to its own figures, the United States won 85.7 percent of the cases that had landed before the organization's arbitration court. Among other things, when trading with poultry, steel, cars and rare earths against China and in favor of the United States. Trump didn't want to know anything about it.

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