Leaked Document Shows Trump Wants To Destroy WTO Relationship

President Donald Trump has drafted a new bill which would allow him to raise USA tariffs at will, tearing up World Trade Organization (WTO) rules, according to leaked documents obtained by Axios.

"They have been treating us very badly for many, many years and that's why we were at a big disadvantage with the WTO", Trump told reporters at the White House.

But aides apparently neglected to acronym-check the title - even though attaching cutesy bill titles that spell out the key message of the proposed law has become a staple of legislative practice in the Capitol. Trade hardliner Peter Navarro is reported to be one of the only members of the president's circle who thinks the bill can be passed.

Trump is again denying plans to withdraw the US from the WTO but tells reporters in the Oval Office that the trade organization needs to change its ways.

It is called the United States Fair and Reciprocal Tariff Act.

While the bill is still in draft format, it highlights the extremes Trump is willing to take in dealing with what the President considers an unfair trade balance between the United States and the rest of the world.

Serena Williams is counting down to Wimbledon with fantastic throwback photos
I definitely feel a lot less pressure out there, but I am a little bit shocked at how much I nearly want that pressure. I've been to the other Grand Slam, but I never actually brought her on-site.

Drones buzzed French prison months before helicopter escape
In 2013, he blasted his way out of prison with explosives concealed in tissue packets and was arrested at a hotel six weeks later. He approached film director Michael Mann at a Paris film festival in 2009, telling Mann, "You were my technical adviser".

Iran vows to thwart USA efforts to block its oil exports
The Treasury Department will reimpose sanctions on Iran's automobile industry and trade of gold and other metals on August 6th.

'WTO has its flaws, but the 'United States Fair and Reciprocal Tariff Act, ' aka the U.S. FART Act, stinks.

It should also come as no surprise that the act has a simple, blunt name: The Fair and Reciprocal Trade Act.

The act would allow Trump to ignore the WTO's "most favoured nation" principle, which stops countries trading on different terms with different trading partners unless they have a formal trade agreement, Axios said.

"The only way this would be news is if this were actual legislation that the administration was preparing to rollout, but it's not", Walters told the publication.

But many diplomats say quitting the WTO would not be in the U.S. interest, and the WTO has said it has never had any indication of Mr Trump intending to leave.

Some have even suggested that a White House staffer was in on the joke when the bill was named, or even that it was a deliberate act of subversion. Trump reportedly was briefed on the working draft in May.

Recommended News

  • Trump, Pence respond to shooting at Maryland newspaper

    Trump, Pence respond to shooting at Maryland newspaper

    An appeals court later upheld the dismissal. "Praying for those at the scene and for our community", Hogan said in a tweet. The official said investigators believe the suspect was attempting to prevent them from getting a fingerprint match.
    Bali Volcano Erupts, Flights Disrupted

    Bali Volcano Erupts, Flights Disrupted

    Earlier, authorities were forced to cancel 115 global flights and 203 domestic ones, affecting almost 27,000 travellers. The volcanic ash and vapour, posing the hazard, have been pushed west away from the airport.
    Wife of Capital Gazette victim remembers his dedication to journalism

    Wife of Capital Gazette victim remembers his dedication to journalism

    It noted that Hiaasen was the brother of Carl Hiaasen, Miami Herald columnist and best-selling author. Acting Police Chief William Krampf of Anne Arundel County said the gunman "looked for his victims ".
  • Julius Randle, Pelicans agree to two-year, $18 million deal

    Julius Randle, Pelicans agree to two-year, $18 million deal

    Less than 24 hours after LeBron James agreed to a deal with the Lakers, Los Angeles also added JaVale McGee and Lance Stephenson . The Lakers' locker room is going to be fascinating.
    Trump asks Saudi Arabia to increase oil production

    Trump asks Saudi Arabia to increase oil production

    Russia, Iraq, the UAE and Kuwait jointly have another million barrels, so there is spare production of 3 million barrels a day. A JXTG spokesman would not comment on individual deals but said: "U.S. crude is one of the candidates for replacing Iran oil".
    Tiger Woods roars back with strong round, in contention at Quicken

    Tiger Woods roars back with strong round, in contention at Quicken

    Landry shot his 63 in the morning when the TPC Potomac at Avenel Farm was soft, though still punishing with its thick rough. Francesco Molinari and Billy Horschel are T-4 at 8 under, Zac Blair is alone in sixth at 7 under and Kevin Streelman, C.T.
  • Out-Of-Control County Fire Grows To 44,500 Acres

    Out-Of-Control County Fire Grows To 44,500 Acres

    The smoke from the County Fire has put a real damper on what would otherwise be a busy and festive holiday week at Lake Berryessa. Despite burning more than 72 miles (115.8 km) away, smoke from the blazes has made them feel ever present in the Bay Area.
    Missing soccer team from Thailand found alive in flooded cave

    Missing soccer team from Thailand found alive in flooded cave

    Their smaller size would be useful in getting through the narrow underwater passage to Pattaya Beach, a rescue team source said. Rescuers make their way down at the entrance to a cave complex where 12 boys and their soccer coach went missing, in Mae Sai, .
    Verstappen wins Austrian GP; Mercedes fails to finish

    Verstappen wins Austrian GP; Mercedes fails to finish

    Do you think Verstappen's tactics were unfair? It was one that looked a distant possibility following Red Bull's dire qualifying.
  • Warner denies reports of conflict with Smith

    Warner denies reports of conflict with Smith

    The last 12 weeks have been tough, but it's enabled me to spend a lot of time with my family , and that's something I'll always cherish every day.

    Senators Discuss Abortion Rights as Trump Mulls Supreme Court Pick

    Susan Collins (R-Maine), have also supported upholding Roe v. Wade . "I'm actually told that I shouldn't be". Wade , the landmark 1973 ruling on abortion.
    LeBron James Speaks to Cleveland GM as Free Agency Opens

    LeBron James Speaks to Cleveland GM as Free Agency Opens

    That year, his iconic block on Andre Iguodala was one of the defining moments of the Cavs' Game 7 win over the Warriors. After the Cavaliers lost the series last month in just four games, James would not be drawn on his future.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.