Trump tells WTO: Mend ways or U.S. will depart

Aug 31, 2018, 5:49 AM EDT
U.S. President Donald Trump criticized the WTO for its tendency to rule against the U.S.
(Source: Michael Vadon/flickr)

President Donald Trump threatened to withdraw the U.S. from the World Trade Organization (WTO) if it fails to “shape up,” while complaining about the body’s general tendency to rule against Washington in trade disputes.

Trump’s claim that the WTO is biased against the U.S. can be taken with a pinch of salt as statistical analysis shows Washington being a beneficiary in 90 percent of the cases when it is the complainant at the WTO while losing at the same rate when complained against, notes the BBC.

The treasury secretary, Steven Mnuchin, later played down the idea calling it “an exaggeration” while the commerce secretary, Wilbur Ross, described the talk of a WTO pull-out “a little premature,” reports The Guardian.