Current:Home > NewsWTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House -Pinnacle Profit Strategies
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
View
Date:2025-04-12 04:39:21
GENEVA (AP) — The head of the World Trade Organization insisted Friday that it remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike — makes another run at the White House.
WTO Director-General Ngozi Okonjo-Iweala said it “really bugs me” when the Geneva trade body is depicted in the press as seemingly irrelevant — a claim based around the fact that its system of resolving trade disputes is gummed up.
“It’s like the air you breathe: You take it for granted because you don’t see it every day,” she told reporters at WTO headquarters. The organization will host trade ministers and other officials from its 164 member countries in Abu Dhabi from Feb. 26-29.
“People don’t realize that they’re taking for granted that 75% of world trade is taking place on WTO terms,” she said.
Okonjo-Iweala drew plaudits for rallying member countries at the last big gathering in Geneva two years ago by shepherding through agreements to boost production of COVID-19 vaccines in developing countries and banning government subsidies for fishing of some species, like bluefin tuna, that are overfished.
In Abu Dhabi, countries will discuss a “Fish 2” deal to ban subsidies that contribute to too many boats — or overfishing in general. Agriculture will be on the agenda, too, as will a call to extend a pause on duties on goods in digital form, like music and movies.
Overall, the WTO has been back on its back foot in recent years: The United States under the past three administrations has blocked appointments to its appeals court, and it’s no longer operating. Washington says the judges have overstepped their authority too often in ruling on cases.
Trump, who once threatened to pull the United States out of the WTO, ignored its rules by using tariffs — or taxes on imported goods — as a punitive tool against friendly countries in the European Union, Canada, Mexico and others, but especially China.
Okonjo-Iweala, who has both Nigerian and American citizenship, said the world is facing uneven challenges: An economic slowdown has hit some countries like Britain and Japan, while the U.S. economy seems alone to be “going gangbusters.” And at the same time, farmers from India to Europe have held massive protests. It has created a “tough environment” for deals in Abu Dhabi at the end of the month.
Elections in dozens of countries this year make for a tricky political backdrop — including the United States, which she called a “very consequential country” — without mentioning Trump by name.
“What we are focused on at the WTO are what are the appropriate reforms we need to do - no matter who comes into power, when,” she said, insisting that the trade body remains relevant. ”if we get to what you’re saying — that the WTO becomes irrelevant — everyone, including you and me, will be in trouble.”
Trade wars, she said, affect both international trade flows and the countries that engage in them.
“I think that the way we cope with the world and build resilience is to focus on delivering those reforms,” Okonjo-Iweala said. “The best we can do is to demonstrate why ... continuing to follow WTO rules is the best thing for the world.”
veryGood! (5114)
Related
- Trump's 'stop
- Sevilla expels fan from stadium for racist behavior during game against Real Madrid
- Tesla recall: Nearly 55,000 new-model vehicles affected by brake safety issue
- 49ers WR Deebo Samuel out for Vikings MNF game and more
- In ‘Nickel Boys,’ striving for a new way to see
- Fisher-Price recalls over 20,000 'Thomas & Friends' toys due to choking hazard
- Venezuela’s opposition is holding primary to pick challenger for Maduro in 2024 presidential rival
- Scholastic criticized for optional diverse book section
- Average rate on 30
- A car bombing at a Somali military facility kills 6 people, including 4 soldiers, police say
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- No. 3 Ohio State rides stingy defense to defeat of No. 6 Penn State
- Sydney Sweeney Gives Her Goof Ball Costar Glen Powell a Birthday Shoutout
- Q&A: The Pope’s New Document on Climate Change Is a ‘Throwdown’ Call for Action
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Pacific and Atlantic hurricanes Norma and Tammy make landfall on Saturday in Mexico and Barbuda
- Keep Your Summer Glow and Save 54% On St. Tropez Express Self-Tanning Mousse
- Elite gymnast Kara Eaker announces retirement, alleges abuse while training at Utah
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
A 5.2 magnitude earthquake in Nepal damages dozens of homes and causes a landslide
Mother arrested after dead newborn found in garbage bin behind Alabama convenience store
People are asking to be doxxed online – and the videos are going viral.
Intellectuals vs. The Internet
Cesar Pina, a frequent on Dj Envy's 'The Breakfast Club', arrested for real estate Ponzi-scheme
Tanker truck carrying jet fuel strikes 2 cars on Pennsylvania Turnpike, killing 2, injuring 1
1 dead, 3 wounded in Arkansas shooting, police say