Trump administration would ignore WTO rulings it sees as anti-U.S.: FT

[nitpicker]

http://www.reuters.com/article/us-usa-trump-wto-idUSKBN16832U

Politics | Wed Mar 1, 2017 | 4:12am EST

Trump administration would ignore WTO rulings it sees as anti-U.S.: FT

U.S. President Donald Trump's administration is preparing to ignore any rulings by the World Trade Organization that it sees as an affront to U.S. sovereignty, the Financial Times reported on Tuesday, citing a report prepared by officials. The draft document, due to be sent to the U.S. Congress on Wednesday, marks the first time the new administration has laid out its trade plans in writing, the Times said.

"Ever since the United States won its independence, it has been a basic principle of our country that American citizens are subject only to laws and regulations made by the U.S. government -- not rulings made by foreign governments or international bodies," the report said, according to the Times. "Accordingly, the Trump administration will aggressively defend American sovereignty over matters of trade policy," the report said, according to the Times.

The Wall Street Journal, which also said it reviewed the document, said the policy represents a dramatic departure from the Obama administration, which emphasized international economic rules and the authority of the WTO, a body that regulates trade and resolves disputes among its members.

By contrast, the Trump administration will more assertively defend U.S. sovereignty over trade policy, ramp up enforcement of U.S. trade laws, and use "all possible sources of leverage to encourage other countries to open up their markets," the document said, according to the Journal.
(snip)

[Bernardo de La Paz]

1. If tRump ignores, then others will ignore the US. He's starting trade wars.

His immigration and border policies and actions have already depressed the tourism business 6.8% and that is $17 billion a year of direct effects, much much more in ripple effects throughout the economy.

The Trump Slump will be like the Great Bush Recession. It will take a two-term Democratic President to get back to the economy that Obama raised us up to.

[mahatmakanejeeves]

2. Geneva Convention: who needs it? NT