I don't know why anybody would think that it would be a good idea to withdraw from the WTO. The WTO has done very well by the U.S.
The U.S. has filed 114 complaints about other country's trade practices over 20 years, more than any other member, and has won 91 percent of those cases.
It has the subject of a complaint in 129 cases and won 89 percent of those cases.
The WTO is the successor to GATT (General Agreement on Tariffs and Trade), created by the U.S. and other industrialized nations to try and prevent the kind of tariffs and trade wars that plagued the world in the first half of the 20th century, causing economic hardship and turmoil for every person on the planet as well as reducing economic growth.
After GATT, the U.S. economy boomed like nothing before or since. Free trade made us great.
And the world has been a more prosperous, peaceful and safe planet for the 80 years since.
Because of trade agreements enforced by the WTO, most U.S. goods cross borders into other countries duty-free. This is what we want.
Tariffs kill U.S. jobs, as we're already seeing from the new tariff on pulp and the threat of tariffs on steel.
Tariff's and proposed tariffs are going to drive up the cost of new cars by $2,000 at least. Not only will that hurt your pocketbook, it will mean less money spent in stores and restaurants, which will depress wages and put people out of work.
Nothing good comes of tariffs for workers on the U.S. economy.
I don't know why anybody
I don't know why anybody would think that it would be a good idea to withdraw from the WTO. The WTO has done very well by the U.S.
The U.S. has filed 114 complaints about other country's trade practices over 20 years, more than any other member, and has won 91 percent of those cases.
It has the subject of a complaint in 129 cases and won 89 percent of those cases.
The WTO is the successor to GATT (General Agreement on Tariffs and Trade), created by the U.S. and other industrialized nations to try and prevent the kind of tariffs and trade wars that plagued the world in the first half of the 20th century, causing economic hardship and turmoil for every person on the planet as well as reducing economic growth.
After GATT, the U.S. economy boomed like nothing before or since. Free trade made us great.
And the world has been a more prosperous, peaceful and safe planet for the 80 years since.
Because of trade agreements enforced by the WTO, most U.S. goods cross borders into other countries duty-free. This is what we want.
Tariffs kill U.S. jobs, as we're already seeing from the new tariff on pulp and the threat of tariffs on steel.
Tariff's and proposed tariffs are going to drive up the cost of new cars by $2,000 at least. Not only will that hurt your pocketbook, it will mean less money spent in stores and restaurants, which will depress wages and put people out of work.
Nothing good comes of tariffs for workers on the U.S. economy.