Current:Home > NewsWTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House -Summit Capital Strategies
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
View
Date:2025-04-12 03:10:32
GENEVA (AP) — The head of the World Trade Organization insisted Friday that it remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike — makes another run at the White House.
WTO Director-General Ngozi Okonjo-Iweala said it “really bugs me” when the Geneva trade body is depicted in the press as seemingly irrelevant — a claim based around the fact that its system of resolving trade disputes is gummed up.
“It’s like the air you breathe: You take it for granted because you don’t see it every day,” she told reporters at WTO headquarters. The organization will host trade ministers and other officials from its 164 member countries in Abu Dhabi from Feb. 26-29.
“People don’t realize that they’re taking for granted that 75% of world trade is taking place on WTO terms,” she said.
Okonjo-Iweala drew plaudits for rallying member countries at the last big gathering in Geneva two years ago by shepherding through agreements to boost production of COVID-19 vaccines in developing countries and banning government subsidies for fishing of some species, like bluefin tuna, that are overfished.
In Abu Dhabi, countries will discuss a “Fish 2” deal to ban subsidies that contribute to too many boats — or overfishing in general. Agriculture will be on the agenda, too, as will a call to extend a pause on duties on goods in digital form, like music and movies.
Overall, the WTO has been back on its back foot in recent years: The United States under the past three administrations has blocked appointments to its appeals court, and it’s no longer operating. Washington says the judges have overstepped their authority too often in ruling on cases.
Trump, who once threatened to pull the United States out of the WTO, ignored its rules by using tariffs — or taxes on imported goods — as a punitive tool against friendly countries in the European Union, Canada, Mexico and others, but especially China.
Okonjo-Iweala, who has both Nigerian and American citizenship, said the world is facing uneven challenges: An economic slowdown has hit some countries like Britain and Japan, while the U.S. economy seems alone to be “going gangbusters.” And at the same time, farmers from India to Europe have held massive protests. It has created a “tough environment” for deals in Abu Dhabi at the end of the month.
Elections in dozens of countries this year make for a tricky political backdrop — including the United States, which she called a “very consequential country” — without mentioning Trump by name.
“What we are focused on at the WTO are what are the appropriate reforms we need to do - no matter who comes into power, when,” she said, insisting that the trade body remains relevant. ”if we get to what you’re saying — that the WTO becomes irrelevant — everyone, including you and me, will be in trouble.”
Trade wars, she said, affect both international trade flows and the countries that engage in them.
“I think that the way we cope with the world and build resilience is to focus on delivering those reforms,” Okonjo-Iweala said. “The best we can do is to demonstrate why ... continuing to follow WTO rules is the best thing for the world.”
veryGood! (1698)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Ex-Ohio vice detective gets 11-year sentence for crimes related to kidnapping sex workers
- Josh Hart made sure Reggie Miller heard Knicks fans chant at Madison Square Garden
- Cancer-causing chemicals ban signed into law in Colorado, 13th state to bar PFAS products
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Sydney Sweeney to star as legendary female boxer Christy Martin in upcoming biopic
- Gen Z, millennials concerned about their finances leading to homelessness, new study shows
- Airman shot by deputy doted on little sister and aimed to buy mom a house, family says
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Ai Profit Algorithms 4.0 - Changing the Game Rules of the Investment Industry Completely
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Hornets hire Celtics assistant Charles Lee as new head coach
- Hunter Biden's bid to toss gun charges rejected by U.S. appeals court
- Gunmen burst into San Antonio home, shooting 3 kids, 2 adults; suspects remain at large
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- US utility pledges more transparency after lack of notice it empowered CEO to make plant decisions
- These Moments Between Justin Bieber and Pregnant Hailey Bieber Prove They’ll Never Ever, Ever Be Apart
- The Biden-Netanyahu relationship is strained like never before. Can the two leaders move forward?
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
How Justin Bieber and Pregnant Hailey Bieber's Family Reacted to Baby News
A teen said a deputy threatened him as he filmed his mom’s arrest. A jury awarded him $185,000.
Loungefly Just Dropped New Accessories Including Up’s 15th Anniversary Collection & More Fandom Fashion
Grammy nominee Teddy Swims on love, growth and embracing change
Biden administration will seek partial end to special court oversight of child migrants
New Jersey Sen. Bob Menendez on testifying at his bribery trial: That's to be determined
Voting Rights Act weighs heavily in North Dakota’s attempt to revisit redistricting decision it won