Altair
Army.ca Veteran
- Reaction score
- 717
- Points
- 1,110
https://www.google.ca/url?sa=t&source=web&rct=j&url=https://www.cnbc.com/amp/2018/07/02/trump-team-reportedly-drafted-a-bill-that-abandons-key-wto-rules.html&ved=0ahUKEwjg1b-vmf_bAhVi94MKHeN9DMQQyM8BCCIwAA&usg=AOvVaw3TBoXQuRi8XRwy_D_tPfIl&cf=1
I don't even think the USA is trying to avoid looking stupid anymore.
If the president has his way, the US would get the US Fair and Reciprocal Tariff act. Aka, the US FART act.
I don't even think the USA is trying to avoid looking stupid anymore.
If the president has his way, the US would get the US Fair and Reciprocal Tariff act. Aka, the US FART act.
This is really scary stuff coming out of this administration. Global economic collapse kind of stuff.The bill, called the "United States Fair and Reciprocal Tariff Act," ignores fundamental WTO principles, said Axios, which reported that it obtained a leaked draft. Those principles include the prohibition of nations setting different tariff rates for countries outside of free trade agreements and the established tariff ceilings that WTO countries have agreed to.
If the bill were to be passed, "it would be the equivalent of walking away from the WTO and our commitments there without us actually notifying our withdrawal,"