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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: 3, Informative) by meustrus on Tuesday July 03 2018, @02:14PM (2 children)

    by meustrus (4961) on Tuesday July 03 2018, @02:14PM (#701900)

    Another perfect post from the realDonaldTrump, everybody!

    The World Trade Organization...was set up for the benefit of everybody but us.

    Ha!

    They have taken advantage of this country like you wouldn’t believe.

    Haha!

    We lose the lawsuits, almost all of the lawsuits in the WTO.

    Hahaha!

    You'd think this was the dictator of some banana republic talking about how the WTO screwed their economy for the benefit of American companies. Maybe Trump thinks this is Ecuador or something. It would sure explain a lot.

    Trust me, when I say I'll pull out I pull out.

    If only.

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    If there isn't at least one reference or primary source, it's not +1 Informative. Maybe the underused +1 Interesting?
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  • (Score: 2) by suburbanitemediocrity on Tuesday July 03 2018, @03:06PM (1 child)

    by suburbanitemediocrity (6844) on Tuesday July 03 2018, @03:06PM (#701932)

    Look at how he got these people (https://www.youtube.com/watch?v=IyCuDGVRFcg [youtube.com]) defending the wto. He is a genius.
    (Boobs at 2:53)

    • (Score: 0) by Anonymous Coward on Tuesday July 03 2018, @06:07PM

      by Anonymous Coward on Tuesday July 03 2018, @06:07PM (#702079)

      No, they are just morons and Trump is a master moron.