Trump suggests ignoring World Trade Organization in major policy shift

[yallerdawg]

2. What happens when the world discovers the US doesn't honor agreements or...

keeps its word? When an election can null and void everything that came before?

We are an import nation. If our imports cost more, who does that fall on?

If our exports become more costly, and less desirable to the world - we lose expansion and jobs.

If we have legitimate grievances, we have legitimate remedies within the rules and agreements.

Chad Bown, a senior fellow at the Peterson Institute for International Economics, said he fears the administration's criticism of WTO rules could end up creating a more lawless global system. “The difficulty is, once we step away from that and say the WTO rules imply a lot more flexibility in what we’re allowed to do, we can be 100 percent certain other countries will start to do the same. That’s what will ultimately undermine the U.S. system, and there will be big repercussions for U.S. exporters.”