Over 40 countries at WTO object to US car tariff plan

Eileen GuzmanJul 04, 2018

Most officials involved in the bill's drafting, with the exception of hardline trade adviser Peter Navarro, think the bill is unrealistic or unworkable, with a source calling the proposal "insane" and adding that "Congress would never give this authority to the president".

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.

A report that US President Donald Trump is looking to walk away from the World Trade Organisation and instead adopt a United States Fair and Reciprocal Tariff Act, or Fart Act, has been greeted with loud amusement on Twitter.

The proposed legislation is far from a done deal, according to other media reports and the White House itself. The EU on Friday submitted comments warning the US Commerce Department that US import tariffs on cars and auto parts were unjustifiable and would harm America's automotive industry and likely lead to counter-measures by its trading partners on $294 billion of US exports.

Trump's aggressive stance has roiled U.S. relations with allies and trading partners from Europe to China.

During a press conference with Dutch Prime Minister Mark Rutte, President Trump told reporters at the White House on Monday the WTO has treated the U.S. Or, the "FART Act".

In the Axios story on the leaked text, the legislation is referred to as the "United States Fair and Reciprocal Tariff Act".

It would also allow "reciprocal tariffs", so Mr Trump could impose U.S. tariffs on particular goods equal to the tariff charged on USA exports of those goods by another country.

On Friday, Trump said he doesn't plan to withdraw from the WTO "at this point", but wants United States needs to be treated more fairly by the global body.

His comments came after the Axios news website reported that Trump's administration has drafted proposed legislation that would allow Trump to raise tariffs at will and negotiate special tariff rates with specific countries - two basic violations of WTO rules.

"I think the European Union - we're going to be meeting with them fairly soon, Trump said".

White House trade adviser Peter Navarro, speaking on CNN on Saturday, deflected a question over whether the administration wanted to withdraw from the global treaty, saying, "That's the president's decision".

Trump, she said, would like to see the system get fixed, and that's what he's focused on doing.

Related Articles:



« Previous article
Next article »


Popular Pages

Samsung Galaxy On6 smartphone with 13MP rear camera launched at Rs 14,490
Hence, it seems to be a rebranded edition of the Galaxy J6 phone that will be available for buying exclusively online. The phone is armed with a 3000mAh battery, which might last a complete day with a single charge.

Scrappy Swedes edge Swiss to reach quarterfinals
Sweden XI: Olsen, Lindelof, Granqvist, Augustinsson, Claesson, Gustav Svensson , Ekdal, Emil Forsberg , Berg. Against either Colombia or England , both sides can expect a frustrating match, but they must be patient.

Trump Says Saudis Must Compensate For Drop In Iran Oil Supply
Iranian Supreme Leader Ayatollah Ali Khamenei says he believes the USA sanctions are meant to turn the public against the government, and won't succeed.

Igor Akinfeev the hero as Russian Federation dump Spain out after penalty shootout
Russian Federation will now meet Croatia in the Quarter Final at the Fisht Olympic Stadium, Sochi on Saturday, July 7, 2018. Akinfeev become Russia's second most capped player on Sunday, displacing former defender Viktor Onopko to third place.

Walmart lists 'Impeach 45' shirts & baby onesies, boycott threatened
Walmart came under fire for another incident last November when customers noticed a shirts that read, "Rope". The "Impeach 45" shirt was sold by Old Glory , a third-party seller using Walmart's Marketplace platform.

Oprah Winfrey Dishes on Prince Harry, Meghan Markle's Royal Wedding
During the Young Leaders Reception at Buckingham Palace, Meghan was caught on camera reaching toward her husband's hand. And he'll never forget the amusing story of how he found out Markle would be saying "I do" to Prince Harry .

Over 800000 people on Facebook had people on their blocked list unblocked
Facebook has been struggling with privacy issues since the Cambridge Analytica data scandal broke in March. Also, the bug would have let these individuals re-add friends who had blocked them from their profile.

Girl dies after jumping castle explodes on popular United Kingdom beach
A little girl has died in a tragic accident when the bouncy castle she was playing in exploded, flinging her 20 feet into the air. The inflatable had not been properly secured to the ground at an Easter fair, a trial at Chelmsford Crown Court heard.

England wins first ever World Cup shootout to reach quarters
If Rodriguez is unable to play, more pressure will fall on Juan Quintero , who had a goal and two assists during the group stage. Both were caught on camera taking bad dives and should consider themselves lucky not to have been punished with a booking.

Thai boys found, still in danger
Experts have started planning in detail how to extract the group from the place they were found more than a 1.6km underground. He assured reporters that rescuers "won't bring them out until we find a totally safe way", the Bangkok Post reported .