August 31, 2018
Look, here’s the deal: the only reason that America would not go FULL AUTARKY is Christian charity.
We do not need any other nation. We are a very big, very powerful, very rich country. Any trade deal we make benefits others more than it does us in the long run. And recently, also in the short run.
If the World Trade Organization doesn’t “shape up,” President Donald Trump told Bloomberg he would pull the United States out.
In a Thursday interview with Bloomberg, Trump again criticized the international trading group’s treatment of the United States.
He told Bloomberg, “If they don’t shape up, I would withdraw from the WTO.”
The president’s comments follow previous reports that Trump had told White House aides that he wanted to withdraw from the WTO.
But top Trump administration officials haven’t been as eager to pull out of the global trade regulator. In July, Commerce Secretary Wilbur Ross told CNBC that talk to withdraw from the WTO was “a little premature.”
“We’ve made no secret of our view that there are some reforms needed at the WTO,” Ross said on “Squawk Box.”
He explained that the WTO could better “update [or] synchronize its activities.”
Trump’s remarks come amid a slew of trade scuffles, which have pressured trade-sensitive stocks.
On Thursday, U.S. stocks snapped a four-day winning streak, after Bloomberg reported that Trump supports moving ahead with proposed tariffs on an additional $200 billion in Chinese goods.
More NBC shilling for the Chinese trade masters…
A L E X J O N E S W A S R I G H T A G A I N
Who wrote this article, I wonder…?
Christine Wang, eh?
I’d like to show Christine a wang, if you catch my drift (THIS IS AN “INUENDO” AND NOT AN “ONLINE RAPE THREAT”).
No, I wouldn’t like that at all.