President Trump has told White House officials that he wants to withdraw the United States from the World Trade Organization, according to a report on Axios, in a move that would throw global trade into chaos.
“He’s [threatened to withdraw] 100 times. It would totally [mess] us [up] as a country,” an unnamed source who’s discussed the subject with Trump told the news site. The same source said Trump has frequently told advisers: “We always get [messed over] by them [the WTO]. I don’t know why we’re in it. The WTO is designed by the rest of the world to screw the United States.” A U.S. withdrawal from the WTO would cast trillions of dollars of trade into doubt and throw a bomb under an institution that has been a pillar of global economic and political stability for over seven decades. Trump’s advisers and the trade community are not seriously entertaining the possibility that Trump would try to withdraw. A top trade lawyer in Washington told Axios: “We think he’s nuts, but not that nuts.” Read more at Axios.