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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, Insightful) by Sulla on Tuesday July 03 2018, @05:07PM

    by Sulla (5173) on Tuesday July 03 2018, @05:07PM (#702026) Journal

    Either we should all have no tariffs or boundaries to trade with eachother, or we should all be allowed to impose tariffs and boundaries as we see fit. As long as Europe sees fit to tariff us then we have no reason not to tariff them, and any organization (regardless of if we set it up or not) that tries to punish us for giving as we are getting is not something we should be a part of.

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