President Donald Trump has threatened that he would pull the United States out from the World Trade Organization if the agency doesn’t shape up.
The WTO is the only global international organization established to provide rules for global trade and resolve disputes between countries.
During a recent interview with Bloomberg News, Mr. Trump said that the 1994 agreement to establish the WTO “was the single worst trade deal ever made”.
“I would say the WTO is the single worst trade deal ever made, and if they don’t shape up, I would withdraw from the WTO,” the US President said.
Trump has accused the organization of treating the U.S. unfairly when it comes to global trade. He warned that if WTO doesn’t treat the US better that he might take action against it, although he has not specified what form that could take.
Notably, pulling the United States out of the WTO could undermine one of the foundations of the modern global trading system, which the country was instrumental in creating.
This is not the first time that the US president has sounded off against the WTO. Earlier this year, he told Fox News that the WTO was set up to benefit everybody but the US, adding that his country has lost the lawsuits, almost all of the lawsuits in the WTO.
When the Bloomberg reporter asked Mr. Trump about Attorney General Jeff Sessions, he said that his job is safe at least until the midterm elections in November.
“I just would love to have him do a great job,” Mr. Trump said.
However, he declined to comment anything when asked if he’d keep Mr. Sessions beyond November.
Mr. Trump has repeatedly attacked Mr. Sessions in private and in public for recusing himself from the investigation into Russian interference in the 2016 US presidential election campaign.