Current:Home > ScamsWTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House -Wealth Empowerment Zone
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
Rekubit View
Date:2025-04-08 19:34:38
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! (17337)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Japan ANA plane turns back to Tokyo after man bites flight attendant
- Congress demands answers after safety regulator misses deadline on potentially lifesaving new rules for vehicle seats
- US Justice Department to release long-awaited findings on Uvalde mass shooting Thursday
- Oklahoma parole board recommends governor spare the life of man on death row
- 3 officers acquitted in death of Manny Ellis, who pleaded for breath, to get $500,00 each and leave Tacoma Police Dept.
- US Justice Department to release report on halting police response to Uvalde school massacre
- Think twice before snapping a photo on a Las Vegas Strip pedestrian bridge, or risk jail time
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Mega Millions climbs to $236 million after January 16 drawing: See winning numbers
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says
- Smashing Pumpkins reviewing over 10,000 applications for guitarist role
- Kate Middleton Hospitalized After Undergoing Abdominal Surgery
- US appeals court rejects Nasdaq’s diversity rules for company boards
- DirecTV, Tegna reach agreement to carry local NBC, CBS, ABC, Fox stations after dispute
- Poland’s parliament votes to lift immunity of far-right lawmaker who extinguished Hanukkah candles
- Music Review: Rolling Stones’ ‘Hackney Diamonds’ live album will give you serious party FOMO
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
What to know about Texas’ clash with the Biden administration over Border Patrol access
Biden and lawmakers seek path forward on Ukraine aid and immigration at White House meeting
Donald Trump tops off a long day in court with a long, rambling speech at New Hampshire rally
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Overdraft fees charged by banks would drop to as low as $3 under new Biden proposal
Florida 19-year-old charged in shooting death of teen friend was like family, victim's mom says
Capitol rioter who assaulted at least 6 police officers is sentenced to 5 years in prison