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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 The Mighty Buzzard on Tuesday July 03 2018, @03:15PM (2 children)

    Personally, I would. It would take a giant shit on the US economy but it would remove the massive income disparity pressure from our southern border, which would leave us better off in the long term. It would also lower the value of the dollar which would make domestic production much more viable.

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  • (Score: 2) by bob_super on Tuesday July 03 2018, @05:42PM (1 child)

    by bob_super (1357) on Tuesday July 03 2018, @05:42PM (#702062)

    The Mexico-Guatemala border is only 541 miles, and none of it requires Eminent-Domain of US citizens.
    There would be a lot easier to build The Wall, and make Mexico pay for it.