Wto Disputes: Countries and Wto

wto disputes: Countries can choose their own status, and other countries can challenge them, according to The Japan Times. Trump said the designation lets powerhouse China and others take unfair advantage of trade rules. In a memo, Trump directed U.S. Trade Representative Robert Lighthizer to use all available means to get the WTO to prevent countries from claiming developing country status if their economic strength means they don't need beneficial treatment. ; Developing countries, supposedly not yet competitive with advanced economies such as the U.S., get more time to open their economies, more leeway to subsidize their exports and procedural advantages in WTO disputes. If the U.S. decides the WTO has not made substantial progress after 90 days, it will seek unilaterally to stop treating those countries as developing economies. NO more!!! Today I directed the U.S. Trade Representative to take action so that countries stop CHEATING the system at the expense of the USA! His memo also asks Lighthizer to report back to the president in 60 days. In a tweet, Trump wrote that the WTO is BROKEN when the world's RICHEST countries claim to be developing countries to avoid WTO rules and get special treatment. (news.financializer.com). As reported in the news.

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