The U.S. isn't bound by decisions made at the World Trade Organization, President Donald Trump's administration said in outlining a new trade agenda that promises to root out unfair practices by foreign countries.
America plans to defend its "national sovereignty over trade policy," the Office of the U.S. Trade Representative said in an annual document laying out the president's trade agenda. Under the terms of its entry into the WTO, the U.S. didn't abandon its trade rights, according to the document, obtained by Bloomberg News and entitled "2017 Trade Policy Agenda."
"Given this history, it is important to recall also that Congress had made clear that Americans are not directly subject to WTO decisions," according to the trade office, which takes the lead in negotiating trade deals. Trump's pick to lead the USTR, lawyer Robert Lighthizer, hasn't yet been confirmed.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
