President Trump Renders WTO Powerless Over Trade Disputes

The Trump Administration has in effect shut down the World Trade Organizations power to dictate who can apply tariffs on who. It all comes down to the “appellate body” that hands down the final ruling when member nations bring a trade dispute before the WTO.

Normally, when member states have a trade issue they take it the WTO to resolve. The WTO empanels a group of trade judges to rule on the dispute. If the involved parties are dissatisfied with the finding they can take their case to the appellate body for a final hearing. Parties are then allowed to apply countervailing tariffs to offset the damage done by the nation found to be violating the standards of free trade.

The appellate body normally has seven members who are normally appointed by the dispute settlement body for a four year term. Tomorrow, two members are ending their term and The United States is holding up the appointment of any more members, leaving only one person sitting on the appellate body, thus rendering it powerless to rule. More

Canada, the EU and Norway have declared a work-around alternative that they welcome other nations to participate in with them. Here

 

4 Comments on President Trump Renders WTO Powerless Over Trade Disputes

  1. If The WTO comes up with a work around, just stop sending them dues or however else they exact tribute from the US.
    Reduce the UN payment to .99 cents a year.

    7
  2. We don’t need “global” or “un” anything. We should kick all the freeloading assholes out of New York AFTER they pay for all of their parking tickets, and serve out their time for the criminal violations they’ve been let off on.

    Nationalism simply means looking out for the interests of your country as priority one. It’s logical, simple, and so long as you don’t step on anyone else’s Nationalism it’s good for everyone.

    “Globalism” is a synonym for “Communism” and “Marxism”. That isn’t good for anyone except the rulers. Screw that.

    Stand and Fight.

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  3. “The appellate body normally has seven members…Tomorrow, two members are ending their term and The United States is holding up the appointment of any more members, leaving only one person sitting on the appellate body…”

    Not getting the math. I will assume that a minimum of three is required to make rulings, since it is a crisis with only 1 member. But if only 2 out of 7 leave, there should be 5 left instead of 1. What happened to the other 4? Is somebody else also messing with the WTO?

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