Today in New Delhi, India
Sep 26, 2018-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

US President Donald Trump denies planning to pull out of WTO

Trump has branded the WTO a “disaster” and flouted international trade norms by hitting key allies with stinging tariffs, and imposing crippling fees on Chinese goods in the name of US national security

world Updated: Jun 30, 2018 10:16 IST
Agence France-Presse
Agence France-Presse
Agence France-Presse, Washington
US,US President,Donald Trump
President Donald Trump, with his son Barron Trump, gestures as they disembark Air Force One upon arrival at Morristown Municipal Airport, in Morristown, N.J., Friday, June 29, 2018. (AP Photo)

President Donald Trump denied Friday he is planning to withdraw the United States from the World Trade Organisation.

“I’m not talking about pulling out,” he told reporters on Air Force One when asked about reports he was planning an exit from the global trading body.

Trump has branded the WTO a “disaster” and flouted international trade norms by hitting key allies with stinging tariffs, and imposing crippling fees on Chinese goods in the name of US national security.

US news website Axios cited sources saying Trump has repeatedly told his top officials he wants to exit the world body, which Washington helped design and most often rules in favour of the United States when Washington brings cases before it.

But Treasury Secretary Steven Mnuchin said earlier it would be an “exaggeration” to say Trump is planning to quit the WTO.

“I won’t use our favourite word about the fake news, but this is an exaggeration,” Mnuchin told Fox Business television.

“The president has been clear with us and with others he has concerns about the WTO. He thinks there’s aspects of it that aren’t fair.”

Although Trump complains that China and others have used the WTO system to their own advantage, “we are focused on free trade” and “breaking down barriers,” Mnuchin said.

First Published: Jun 30, 2018 10:16 IST