Friday, March 3, 2017

Pres. Trump's Unilateral Trade Policy

Which may not be nearly as disastrous as some might think. Assuming the worst case scenario: The US is forced to withdraw from the WTO. In that case, the US can, temporarily, announce that it will still abide by WTO rules pending a comprehensive review. For those rules that are prejudicial against US interests, the country can withdraw from them. Obviously, other nations may retaliate by withdrawing from rules that are in the interests of the US. Possible retaliatory measures by trading partners should obviously be taken into account before any unilateral abrogation of WTO responsibilities.

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