The US president said the agreement establishing the body ‘was the single worst trade deal ever made’.
United States President Donald Trump on Thursday said he would pull out of the World Trade Organization if it doesn’t treat the US better, reported Bloomberg.
“If they don’t shape up, I would withdraw from the WTO,” Trump said Thursday in an interview with Bloomberg. Trump said the agreement establishing the body “was the single worst trade deal ever made”.
Trump also said the US “rarely won a lawsuit except for last year” at the WTO. “In the last year, we’re starting to win a lot,” he said. “You know why? Because they know if we don’t, I’m out of there.”
Earlier this week, the US launched a case against Russian duties on US arguing that it was illegal.
In July, Trump said US was at a big disadvantage from being treated “very badly” by the WTO for many years and that the Geneva-based body needs to “change their ways”.
Trump’s comments follow reports in June that he had told White House aides he wanted to withdraw from the WTO. But Commerce Secretary Wilbur Ross said that talks to withdraw from the WTO was “a little premature”.