Question

In: Economics

Briefly summarize the current U.S. attitude towards the WTO. To what extent is this attitude unique...

Briefly summarize the current U.S. attitude towards the WTO. To what extent is this attitude unique to the Trump administration?

At least 200 words, thank you.

Solutions

Expert Solution

Donald Trump has threatened to kick the United States out of the World Trade Organization if it is not "making up" and treating the United States differently. The President of the United States issued the warning against the international trade agency. Trump's administration requested WTO help over retaliatory tariffs from China, the European Union, Canada, Mexico, and Turkey, claiming that the laws of the international body made the action unconstitutional.

The United States does not appear willing to avert a crisis until other countries accept that the WTO negotiation platform and part trade policeman has failed in several respects.

The current crisis at the WTO reveals deeper cracks. The consensus-based body, which includes 164 countries with vastly divergent economic development levels, has, since it was established in 1995, largely struggled to create new rules for freer commerce. Negotiations begun in Doha in 2001, after producing few results, were officially declared dead by the US in 2015.

Among America's biggest concerns is how panel leaders have come up with their own rules in the absence of specific guidelines from the several agreements concluded when the WTO was formed in 1995.


Related Solutions

Summarize in detail the current (≥ 2011) status of U.S. Fisheries. Briefly describe 2 actions that...
Summarize in detail the current (≥ 2011) status of U.S. Fisheries. Briefly describe 2 actions that can potentially improve the stocks of U.S. Fisheries. (25 points)
1.What is the WTO? What are the main principles on which the WTO was founded? Briefly...
1.What is the WTO? What are the main principles on which the WTO was founded? Briefly discuss the principle areas (trade topics) which the WTO addresses and is seeking to achieve consensus in trade? 2. Briefly discuss the benefits and disadvantages of trade liberalization to Caricom economies. 3. Briefly discuss some of the key considerations when adopting new technology. Provide References
Name a cultural group that is not your own? What is your attitude towards that group?...
Name a cultural group that is not your own? What is your attitude towards that group? What do the findings from this activity tell you? What surprised you about your thoughts about this culture?
What is Jesus' attitude towards the Mosaic Law as presented by Matthew (Mt. 5)? Why is...
What is Jesus' attitude towards the Mosaic Law as presented by Matthew (Mt. 5)? Why is this significant?
What attitude towards death is visible in Tolstoy’s “The Death of Ivan Ilyich”? Mention at least...
What attitude towards death is visible in Tolstoy’s “The Death of Ivan Ilyich”? Mention at least three points of discussion.
Summarize briefly the current status of nanotechnology and what is known about its risks to human...
Summarize briefly the current status of nanotechnology and what is known about its risks to human health.
Summarize and highlight the current international and economic conditions of both the U.S. and Russia
Summarize and highlight the current international and economic conditions of both the U.S. and Russia
Your blog post should have a unique title. It should summarize the current event source with...
Your blog post should have a unique title. It should summarize the current event source with the hyper link to the source. The blog post should connect to our textbook and sociological concepts. It should be at least 400 words. Lastly, it should be grammatical correct. To complete this assignment you should: First, student must create a blog, which I provide another document showing step by step instructions. Student will only have to do this once. After that is done,...
What is the current situation of the WTO? Issues in implementing accurate regulations and issues with...
What is the current situation of the WTO? Issues in implementing accurate regulations and issues with leadership.
In 5-7 sentences PLEASE answer the following: To what extent are attitudes towards people in poverty...
In 5-7 sentences PLEASE answer the following: To what extent are attitudes towards people in poverty affected by the language and stereotyping used by politicians of the day, and how does this vary geographically?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT