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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: 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)

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  • (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.