(Tom Miles – Reuters)
U.S. President Donald Trump’s protectionist rhetoric is turning into a systemic threat to the World Trade Organization, former WTO chief Pascal Lamy said in an interview.
Under Trump, the United States has blocked new appointments of judges at what is effectively the world’s supreme court for trade. That might not matter in normal times, but the WTO is already short of judges, litigation is piling up, and the system is nearing breaking point.
Trade diplomats are shocked by the U.S. tactics and in little doubt that it’s part of Trump’s attempt to tilt the global trading system to America’s unilateral advantage.
“Simply put, we have not been treated fairly by the World Trade Organization,” Trump said last Friday.
Lamy, who spent five years as European commissioner for trade going toe-to-toe with U.S. negotiators, said Trump’s views on trade were summed up by his “Buy America” slogan. Click here to read more.