Trade

Trump reportedly wants the US to withdraw from World Trade Organization

Key Points
  • Axios is reporting that Trump has told several top White House officials he wants the United States to withdraw from the World Trade Organization.
  • Axios says Trump’s aides push back when he talks about withdrawing, but four sources said they've never put in place a policy process to take the idea seriously.
Trump doesn't understand why US is still in WTO
VIDEO1:4701:47
Trump doesn't understand why US is still in WTO

President Donald Trump is not a fan of the World Trade Organization.

Axios is reporting that Trump has told several top White House officials he wants to withdraw the United States from the WTO.

“He’s [threatened to withdraw] 100 times. It would totally [screw] us as a country,” one source told the media outlet. The same source said Trump has told his advisors, "We always get f---ed by them [the WTO]. I don’t know why we’re in it. The WTO is designed by the rest of the world to screw the United States."

The media outlet said Trump’s aides push back when he talks about withdrawing, but four sources said they've never put in place a policy process to take the idea seriously.

Axios also said a withdrawal from the WTO would require Congressional approval.

When asked about the Axios report, Treasury Secretary Mnuchin said, “There is no breaking news [here] … This is an exaggeration” in a Fox Business interview.

WATCH: Trump repeatedly bashes WTO

Watch Trump bash the WTO over and over again
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Watch Trump bash WTO over and over again