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President Trump Ends WTO Dispute Resolution Court, Opens New Era of Fair Trade
(Worthy News) - When President Trump ended the 24-year-old World Trade Organization (WTO) dispute resolution court by refusing to name two replacement judges, the move has launched a new era of fair trade.
Axios called the Dec. 11 demise of the WTO Appellate Body as a big win for Donald “Tariff Man” Trump who would now be “free to impose whatever tariffs he likes, without fear that the WTO might find them to be illegal.” Within 24 hours, the U.S. Congress agreed to a new NAFTA trade deal and China cut a deal for a U.S. trade war truce.
The World Trade Organization (WTO) treaty signed by 164 nations transferred final authority over trade disagreements between nations to a multilateral trade dispute settlement organization with an Appellate Body that could issue legally binding edicts. [ Source: Epoch Times (Read More...) ]