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Trump threatens to withdraw US from WTO: report

US President Donald Trump threatened to withdraw from the World Trade Organization if "they don't shape up," in his latest criticism of the institution, Bloomberg News reported on Thursday.

twitter-logo Reuters        Last Updated: August 31, 2018  | 09:45 IST
Trump threatens to withdraw US from WTO
US President Donald Trump

US President Donald Trump threatened to withdraw from the World Trade Organization (WTO) if "they don't shape up," in his latest criticism of the institution, Bloomberg News reported on Thursday.

Such a move could undermine one of the foundations of the modern global trading system, which the United States was instrumental in creating.

"If they don't shape up, I would withdraw from the WTO," Trump said.

Trump has complained the United States is treated unfairly in global trade and has blamed the WTO for allowing that to happen. He has also warned he could take action against the global body, although he has not specified what form that could take.

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