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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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'FART' Bill Indicates Trump's Intention to Dump WTO
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You attempt things that you do not even plan because of your extreme stupidity.
(Score: 1) by shrewdsheep on Tuesday July 03 2018, @10:25AM (1 child)
Where are the import barriers? You can drive freely through Europe (Shengen) and sell your stuff where-ever you like without paying any tariffs. Subsidies in the agricultural sector are harmonized on the European level (and actually paid by Europe). There are certainly other national subsidies, but those must comply with European rules (my knowledge ends here as to what those would be exactly).
(Score: -1, Redundant) by Anonymous Coward on Tuesday July 03 2018, @12:43PM
Not for much longer. [nytimes.com] A single country refusing to enforce it's external borders should have been enough for the rest of the EU to expel that country. Now we have Germany building internment camps, an area in which they've previously demonstrated considerable expertise. Merkel should be in prison.