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Wednesday, March 1, 2017

UPCOMING : U.S President Donald Trump Speaks at 09:00 GMT+7

UPCOMING : U.S President Donald Trump Speaks at 09:00 GMT+7

Trump Trade Policy Expected to Seek Diminished WTO Role in the U.S.

The Trump administration is developing a national trade policy that would seek to diminish the influence of the World Trade Organization in the U.S. and champion U.S. law as a way to take on trading partners it blames for unfair practices, according to a draft document reviewed by The Wall Street Journal.

The policy, contained in a draft document due to be published as early as Wednesday, represents a dramatic departure from the Obama administration.The Trump White House will more assertively defend U.S. national sovereignty over trade policy, ramp up enforcement of U.S. trade laws, and use "all possible sources of leverage to encourage other countries to open up their markets," according to the document.

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