President Donald Trump’s signature issue on the campaign trail was trade, and he has been particularly intent on delivering on that front. After re-structuring NAFTA with the help of Mexico (and not so much help from Canada), Trump is setting his sights on the World Trade Organization (WTO).
“If they don’t shape up, I would withdraw from the WTO,” Trump said to Bloomberg News.
Bloomberg warns that the US withdrawing from the WTO would be even more cataclysmic to the globalist trade status quo than Trump’s maneuvering with China, but Trump remains undaunted. He is willing to take bold, unprecedented steps to strengthen the American economy.
“WTO’s treated the United States very badly,” Trump said a month ago. “We’re not planning anything now, but if they don’t treat us properly, we will be doing something.”
“If we do work it out, it’ll be positive and if we don’t it’ll be positive also,” Trump said.
Trump’s maneuvering is scaring the European powers-that-be as they understand that Trump is intent upon bringing an end to the status quo in global trade.
“Sometimes I’m suspecting the American administration of trying to divide the European Union into different member states,” European Commission President Jean-Claude Juncker said back in June.
Trump believes his aggressive deal-making schemes are already yielding results, as the US is winning more disputes in front of the WTO’s tribunal.
“In the last year, we’re starting to win a lot,” Trump said. “You know why? Because they know if we don’t, I’m out of there.”
Since its inception in 1994, the WTO has lorded over the global market while the US has repeatedly gotten boned in trade agreements. Trump is tipping over the apple cart, and prosperity may be on the way as a result.