World Trade Organization Concerned Over Trump Admin. Trade Policies - FbiCables Network | The News that Shapes World Opinion

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Thursday, July 05, 2018

World Trade Organization Concerned Over Trump Admin. Trade Policies

Over 40 World Trade Organization members are warning the Trump administration that U.S. car tariffs could seriously disrupt the world market.
On Tuesday, the EU along with China, Japan and Russia cautioned the U.S. that imposing tariffs on cars and car-parts would harm the American automotive industry.
Those statements follow the presidents comments about the bloc’s treatment of trade deals with the U.S.
In this January 2017 photo, cars are parked waiting to be exported at Yokohama port near Tokyo. Japan’s government has warned in a report that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for U.S. consumers and devastating the U.S. and global economy. (Kyodo News via AP)
Just days ago the president enacted tariffs on steel and aluminum imports, which he said could lead to duties on foreign-made auto parts.
“WTO has treated the Untied States very badly and I hope they change their ways,” stated President Trump. “They have been treating us very badly for many, many years and that’s why we were at a big disadvantage with the WTO, and we’re not planning anything now, but if they don’t treat us properly, we will be doing something.”
Both tariffs on foreign metals are reportedly based on concerns about U.S. national security.
The president said a national security study for the new tariffs are set to be completed in three-to-four weeks.

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