Abstract

The Trump Administration’s new “America first” trade policy means the U.S. will not necessarily comply with rulings made by the World Trade Organization (WTO), according to a report the Office of the U.S. Trade Representative sent to Congress. Challenging the authority of the WTO, which regulates trade and resolves disputes among its members, signals a sharp break from past U.S. policy. “Ever since the United States won its independence, it has been a basic principle of our country that American citizens are subject only to laws and regulations made by the U.S. government—not rulings made by foreign governments or international bodies,” the document says. “The Trump Administration will aggressively defend American sovereignty over matters of trade policy.” The report says the Administration will work to eliminate trade barriers that unfairly block U.S. exports while strictly enforcing domestic trade laws to prevent its markets from being “distorted by dumped and/or subsidized

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.