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'FART' Bill Indicates Trump's Intention to Dump WTO

posted by martyb on Tuesday July 03 2018, @06:17AM   Printer-friendly
from the He-Who-Smelt-It dept.

An Anonymous Coward writes:

The Trump administration has crafted a draft bill — ordered by the president — that would declare America's abandonment of World Trade Organization rules, according to Axios. The bill essentially provides President Donald Trump — who has argued for a better position for the U.S. in big trade pacts — a license to raise U.S. tariffs at will, without congressional consent and largely outside of the international rules governed by the WTO. The bill, titled the "United States Fair and Reciprocal Tariff Act," would give Trump unilateral power to ignore the two most basic principles of the WTO and negotiate one-on-one with any country.

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  • (Score: 4, Informative) by c0lo on Tuesday July 03 2018, @08:51AM (3 children)

    by c0lo (156) Subscriber Badge on Tuesday July 03 2018, @08:51AM (#701807) Journal

    Switzerland - bad example to illustrate your point. Not an EU member.

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  • (Score: 4, Touché) by Anonymous Coward on Tuesday July 03 2018, @10:07AM

    by Anonymous Coward on Tuesday July 03 2018, @10:07AM (#701824)

    Switzerland - bad example to illustrate your point. Not an EU member.

    But using Switzerland as an example is very Trumpian - use a false example that somehow bolsters the lies you are telling.

    BTW, what's wrong with Switzerland? Their immigrants are nice people; wonderful people. Can't get much whiter, or less resistant, than those wonderful Swiss people.

  • (Score: 2) by bradley13 on Tuesday July 03 2018, @10:27AM (1 child)

    by bradley13 (3053) on Tuesday July 03 2018, @10:27AM (#701830) Homepage Journal

    Not in the EU, no, but we still have all the various trade agreements. The example I gave would be the same across the French-German border.

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    Everyone is somebody else's weirdo.

    • (Score: 2) by c0lo on Tuesday July 03 2018, @10:37AM

      by c0lo (156) Subscriber Badge on Tuesday July 03 2018, @10:37AM (#701834) Journal

      The example I gave would be the same across the French-German border.

      You sure? At least in regards with the generic drugs, my googlefu indicate that is pedalling hard on them [globaldata.com]

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      https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford