Date: 6 months ago   Category: Economy

World economy in a step from accident because of Trump's trick

Donald Trump threatens to bring the USA out of the World Trade Organization (WTO). He considers that this membership imposes to his country unprofitable commercial transactions.

This step can strike destructive blow both to the WTO, and to world economy, experts consider. Trump, putting forward ultimatums, wants to reconstruct global trade for the benefit of the USA, but hardly other countries will agree with it.

the U.S. President Donald Trump has said that the country will leave the World Trade Organization if the WTO doesn't become better to treat the American side. "If they don't develop, then I will leave the WTO", - quotes his Bloomberg agency.

In addition, the president has added that in the WTO the USA treat for many years badly. But by data, which are given by Simon Lester, the trade analyst of the Washington Institute Kato, isn't present any prejudiced attitude towards the States.

From 54 proceedings initiated by the USA for lifetime of the WTO, Washington has achieved the decision, positive for itself at least on one point of the claim in 91% of cases. Against the States 80 proceedings have been initiated, and opponents of America have received the positive decision in 86% the claims sorted by experts of the WTO.

However, Trump won't stop it. Earlier said to him that duties on steel and aluminum will lead to increase in prices for metals in the USA, but he has all the same taken this step, and now is sure that it was the excellent decision.

with the WTO the president assures Of a case that America has begun to win only last year when he has begun to put forward ultimatums to trade partners. "Last year we have begun to win... Do you know why? Because they know that if we don't make it, I will leave", - he has told the correspondent of the agency.

arm-twisting Tactics already works, Trump considers. Mexico has agreed to prepare the new agreement with the USA recently, and Canada has received threat of new restrictions if it doesn't make concessions. De facto the agreement on the free trade zone in North America (North American Free Trade Agreement, NAFTA) has already collapsed. But Trump is happy.

"Our new commercial transaction with Mexico is concentrated on farmers, growth of our economy, destruction of trade barriers, [creation] of jobs and on that the companies made investments back in our country. It will be great success!" - he has written in the tivtter.

don't go on transactions, unprofitable for themselves China, the EU, Russia. They have submitted claims to the WTO against the USA and there is high degree of probability that they will win them. Exit from the WTO will save Washington from need to carry out regulations of the organization.

In the World Trade Organization which works since 1995 consists 162 countries. Russia conducted negotiations on the introduction of 18 years and has finished them in December, 2011, in 2012 it has finished the procedure and became the full member of the organization.

Should emphasizing that so far none of the WTO left, and Trump's demarche can become a precedent.



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