Monaca (US), Aug 14: President Donald Trump has threatened to pull the United States out of the World Trade Organization if conditions are not improved.
"We will leave if we have to," Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania on Tuesday.
"We know that they have been screwing us for years and it's not going to happen again," he said.
Trump has made the WTO the target of many previous attacks, and threatened before to withdraw, claiming unfair treatment toward the US and saying Washington does not have to abide by WTO rulings.
He is especially critical about the terms granted to China when it joined the organization, given US complaints about Chinese theft of American technology.
But the United States in fact has a successful track record of winning disputes mediated by the global trading body. While calling for reforms to the institution's rules, the Trump administration also has effectively paralysed its work.
By blocking naming of new members to the appellate panel part of the Dispute Settlement Body that arbitrates disputes, the system will grind to a halt by the end of the year.
Chad Bown, a trade expert with the Peterson Institute for International Economics, said the moves weakening the WTO have done "lasting damage," not all of which can be reversed.
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Moodbidri: At least 18 people sustained injuries when a private bus overturned on road after the driver lost control the wheels at Alangar in Moodbidri Taluk on Thursday evening.
According to the reports, the bus was heading towards Mangaluru from Kollur when the driver lost control over the wheels due to over speeding. As a result, the bus overturned on the road injuring at least 18 passengers on board.
One of the passengers, identified as Suma of Gandhinagar in Moodbidri has sustained critical injuries in the accident. All the injured were rushed to local hospital for treatment immediately after the accident.
A case has been registered at Moodbidri Police Station in this regard.