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Trump threatens to quit WTO and destroy world's business

Christian Fernsby ▼ | August 14, 2019
President Donald Trump threatened Tuesday to pull the United States out of the World Trade Organization if conditions are not improved.
Donald Trump
America   Donald Trump
"We will leave if we have to," Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.

"We know that they have been screwing us for years and it's not going to happen again," he said.

Trump has made the WTO the target of many previous attacks, and threatened before to withdraw, claiming unfair treatment toward the US and saying Washington does not have to abide by WTO rulings.

He is especially critical about the terms granted to China when it joined the organization, given US complaints about Chinese theft of American technology.

Chad Bown, a trade expert with the Peterson Institute for International Economics, said the moves weakening the WTO have done "lasting damage," not all of which can be reversed.