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'FART' Bill Indicates Trump's Intention to Dump WTO

posted by martyb on Tuesday July 03 2018, @06:17AM   
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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Original Submission

• You just can't make up this kind of stupidYou just can't make up this kind of stupid (Score: 4, Insightful) by Anonymous Coward on Tuesday July 03 2018, @04:26PM (2 children)

  by Anonymous Coward on Tuesday July 03 2018, @04:26PM (#701988)

  Fantastic! The faster we get out of the WTO the better.
  Next, the UN. Another abomination and unchecked force for evil in the world.

  Whoever marked this insightful (and frankly, whoever wrote it if they weren't being sarcastic) seriously needs to reconnect with reality. These institutions are what drove our prosperity and solidified our dominant position in the world. Deconstruct them, and you're essentially deconstructing America's position as economic and military leader in the world. This ins't making America "Great" again, it's destroying America's position as a world leader and relegating us to second or third tier status, a position we are unlikely to ever emerge from again. Which means less capital investment, less jobs, a smaller economy, less influence on the world, and subservience to Russia, China, and a host of other upwardly-mobile nations. America Tanks, Putin rises, and Donnie Trump plays big fish in a shrinking, fetid pond. Welcome to Trump's USA.

  Parent

  Starting Score:	0		points
  Moderation		+4
  Insightful=2, Interesting=1, Informative=1, Total=4
  Extra 'Insightful' Modifier		0
  Total Score:		4

• Re:You just can't make up this kind of stupidRe:You just can't make up this kind of stupid (Score: 0) by Anonymous Coward on Tuesday July 03 2018, @07:37PM (1 child)

  by Anonymous Coward on Tuesday July 03 2018, @07:37PM (#702126)

  American dominance gave us Iraq, Afghanistan, Vietnam, a global drug war, etc. Maybe it will be better for everyone if we just wind this America machine down.

  Parent

  • Re:You just can't make up this kind of stupid(Score: 2) by The Mighty Buzzard on Wednesday July 04 2018, @02:59AM

    by The Mighty Buzzard (18) <themightybuzzard@proton.me> on Wednesday July 04 2018, @02:59AM (#702331) Homepage Journal

    It also gave us pizza. And cold beer in the summer. I win.

    --
    My rights don't end where your fear begins.

    Parent