Donald Trump threatens to pull US out from WTO

New Delhi : The United States of America President Donald Trump on Tuesday threatened that he might pull his country out from World Trade Organisation (WTO) if situation is not improved.

“We will leave if we have to,” Mr. Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.

“We know that they have been screwing us for years and it's not going to happen again,” he said.

This is not the first time when Donald Trump has threatened to withdraw from WTO, earlier also he had targeted the WTO for unfair treatment towards his country.

He is especially critical about the terms granted to China when it joined the organization, given US complaints about Chinese theft of American technology.

While calling for reforms to the institution's rules, the Trump administration also has effectively paralyzed its work.

Chad Bown, a trade expert with the Peterson Institute for International Economics, said the moves weakening the WTO have done “lasting damage,” not all of which can be reversed.