Current:Home > ContactWTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House -EquityZone
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
View
Date:2025-04-17 14:16:19
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! (3)
Related
- Intel's stock did something it hasn't done since 2022
- When does Simone Biles compete at Olympics? Her complete gymnastics schedule in Paris
- The best hybrid SUVs for 2024: Ample space, admirable efficiency
- MLB trade deadline 2024: Biggest questions as uncertainty holds up rumor mill
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- What to know about Kamala Harris, leading contender to be Democratic presidential nominee
- 'Painful' wake-up call: What's next for CrowdStrike, Microsoft after update causes outage?
- The Daily Money: Americans are ditching their cars
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Self-professed ‘Wolf of Airbnb’ sentenced to over 4 years in prison for defrauding landlords
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Former U.S. Rep. Henry Nowak, who championed western New York infrastructure, dies at 89
- Self-professed ‘Wolf of Airbnb’ sentenced to over 4 years in prison for defrauding landlords
- Shohei Ohtani nearly hits home run out of Dodger Stadium against Boston Red Sox
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Simone Biles’ pursuit of balance: How it made her a better person, gymnast
- MLB trade deadline 2024: Biggest questions as uncertainty holds up rumor mill
- Utah death row inmate who is imprisoned for 1998 murder asks parole board for mercy ahead of hearing
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Truck driver charged in Ohio interstate crash that killed 3 students, 3 others
Billy Joel on the 'magic' and 'crazy crowds' of Madison Square Garden ahead of final show
Biden’s decision to drop out leaves Democrats across the country relieved and looking toward future
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Investors react to President Joe Biden pulling out of the 2024 presidential race
2024 Olympics: You’ll Flip Over Gymnasts Simone Biles and Jordan Chiles’ BFF Moments
Largest trial court in the US closes after ransomware attack, California officials say