Current:Home > NewsWTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House -BrightFuture Investments
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
View
Date:2025-04-11 18:01:42
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! (82933)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- California’s Almond Trees Rely on Honey Bees and Wild Pollinators, but a Lack of Good Habitat is Making Their Job Harder
- Norovirus outbreaks surging on cruise ships this year
- Did AI write this headline?
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- China's economic growth falls to 3% in 2022 but slowly reviving
- Read Emma Heming Willis’ Father’s Day Message for “Greatest Dad” Bruce Willis
- Judge Scales Back Climate Scientist’s Case Against Bloggers
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Exxon climate predictions were accurate decades ago. Still it sowed doubt
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Microsoft applications like Outlook and Teams were down for thousands of users
- Many workers barely recall signing noncompetes, until they try to change jobs
- Inside Clean Energy: A Michigan Utility Just Raised the Bar on Emissions-Cutting Plans
- A White House order claims to end 'censorship.' What does that mean?
- Minnesota man arrested over the hit-and-run death of his wife
- America, we have a problem. People aren't feeling engaged with their work
- The $16 Million Was Supposed to Clean Up Old Oil Wells; Instead, It’s Going to Frack New Ones
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Microsoft slashes 10,000 jobs, the latest in a wave of layoffs
Scott Disick Spends Time With His and Kourtney Kardashian's Kids After Her Pregnancy News
A Delta in Distress
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Unsolved Mysteries: How Kayla Unbehaun's Abduction Case Ended With Her Mother's Arrest
This 22-year-old is trying to save us from ChatGPT before it changes writing forever
3D-printed homes level up with a 2-story house in Houston