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

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: 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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  • (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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