Trump denies plan to pull out of WTO

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Trump denies plan to pull out of WTO

"America has also finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs, and our Nation's wealth".

Some Twitter uses have said the bill's acronym "stinks". CNN confirms the existence of the leaked proposal, called the United States Fair and Reciprocal Tariff Act.

Amid a separate U.S. dispute with China over intellectual property and in the wake of news reports that Mr Trump has considered withdrawing from the WTO, Mr Tusk stressed an agreement by the EU's national leaders last week to press for improvements in the way the Geneva-based global trade arbiter operates.

Notably, the official was displeased with the leak of the bill's text, suggesting it was put out to pressure key figures within the administration who have opposed Trump's hardline instincts on tariffs.

"As (Treasury) Secretary (Steven) Mnuchin and the President have said, that is not accurate that the United States is leaving the WTO (sic)", White House Press Secretary Sarah Sanders told reporters at her daily news conference. Axios reported that "most officials involved in the bill's drafting. think the bill is unrealistic or unworkable".

In a White House meeting to discuss the bill earlier this year, Legislative Affairs Director Marc Short bluntly told Navarro the bill was "dead on arrival" and would receive zero support on Capitol Hill, according to sources familiar with the exchange. Both sets of tariffs would be based on concerns about US national security. He says he's not "planning anything now" but if the WTO doesn't treat the USA properly, "we will be doing something".

The president said a national security study for the new tariffs are set to be completed in three-to-four weeks.

Moscow considers that the 25 percent tariffs on the entry of steel to North American soil and 10 on aluminum in no way are in accordance with WTO agreements on commercial tariffs, signed in 1994.

Additionally, the Trump Administration would be able to ignore the WTO's two most basic principles, specifically related to tariff rates, and sit down with any country for talks on a one-on-one basis, Sputnik reported.

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