Leaked draft bill indicates Trump’s intention to dump WTO: report

The Trump administration has crafted a draft bill — ordered by the president — that would declare America’s abandonment of World Trade Organization rules, according to Axios, which said over the weekend that it obtained a leaked copy of the proposal.

The bill essentially provides Trump — who has argued for a better position for the U.S. in big trade pacts — a license to raise U.S. tariffs at will, without congressional consent and largely outside of the international rules governed by the WTO.

The bill, titled the “United States Fair and Reciprocal Tariff Act,” would give Trump unilateral power to ignore the two most basic principles of the WTO and negotiate one-on-one with any country.

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