Current:Home > FinanceWTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House -Wealth Evolution Experts
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
View
Date:2025-04-11 15:34:46
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! (96785)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- WWE is officially in a new era, and it has its ‘quarterback’: Cody Rhodes
- In second Texas edition, CMT Awards set pays homage to Austin landmark
- How South Carolina's Dawn Staley forged her championship legacy after heartbreak of 1991
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Caitlin Clark forever changed college game — and more importantly view of women's sports
- RHOC Alum Lauri Peterson's Son Josh Waring Died Amid Addiction Battle, His Sister Says
- MLB power rankings: Red Sox come home with best pitching staff in baseball
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- ‘Red flag’ bill debated for hours in Maine months after mass shooting that killed 18
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- South Carolina beats off challenge from Iowa and Caitlin Clark to win NCAA women's championship
- Latter-day Saints president approaches 100th birthday with mixed record on minority support
- RHOC Alum Lauri Peterson's Son Josh Waring Died Amid Addiction Battle, His Sister Says
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Winning $1.326 billion Powerball ticket drawn in Oregon
- Blue's Clues' Steve Burns Shares His Thoughts on Quiet on Set Docuseries
- What's next for Caitlin Clark? Her college career is over, but Iowa star has busy months ahead
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Jelly Roll's private plane makes emergency landing on way to CMT Awards: 'That was scary'
Trump declines to endorse a national abortion ban and says it should be left to the states
Trisha Yearwood pays tribute to June Carter Cash ahead of CMT Awards: 'She was a force'
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
What is the difference between a solar eclipse and a lunar eclipse?
Are your eclipse glasses safe? How to know if they'll really protect your eyes during the total solar eclipse
Israeli military fires 2 officers as probe blames World Central Kitchen deaths on mistaken identification