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Washington:
China’s entry into the World Trade Organisation is the “worst of all deals” stated US President Donald Trump on Thursday.
“China’s entry into the World Trade Organisation which is probably the worst of all the deals, if you want to know the truth…They violated the rules like nobody had ever violated it before,” Trump stated on the Whirlpool Corporation Manufacturing Plant in Ohio.
“In the past, politicians have aggressively pursued a policy of globalisation, moving our jobs, wealth, and our factories overseas.
Globalisation has made the elites who donate to politicians wealthy and has left nothing for our workers expect for poverty and heartache,” he added.
Further calling China a growing nation, the US President stated that they’d benefits “but we did not accept them”.
Previously in January, Trump stated that the US has not been “treated fairly” by the World Trade Organisation (WTO), which thought of China and India as growing nations.
“The World Trade Organisation has been very unfair to the United States for many, many years. And without it, China wouldn’t be China, and China wouldn’t be where they are right now. I mean, China — that was the vehicle that they used. And I give them great credit. And I also don’t give the people that were in my position great credit, because, frankly, they let that all happen. But the vehicle was the World Trade Organization,” Trump stated.
The Trump administration has been for lengthy threatening to withdraw the US from the 164- member World Trade Organisation to which China had turn into a member in December 2001.
Trump administration has been waging a warfare on the WTO’s Appellate Body and has continued to dam nominees to the Geneva-based tribunal, which has rendered it unable to convene the required quorum.
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