Trump says he will pull US out of WTO

Says will punish firms exporting work abroad with taxes

Washington, July 24: Republican White House nominee Donald Trump suggested on Sunday that the United States could pull out of the World Trade Organisation if he is elected president.

The New York billionaire made the comments during a wide-ranging interview with NBC television's “Meet the Press,” his first since being crowned as his party’s presidential nominee.

Trump, who has already threatened to renegotiate or rip up the North American Free Trade Agreement, also doubled down in the interview on recent comments questioning the US commitment to its Nato allies. He said he would slap punitive import taxes of up to 30 per cent on firms that moved manufacturing activities abroad, citing NAFTA partner Mexico as an example.

When show host Chuck Todd objected that such plans would be challenged at the WTO, he responded: “Doesn't matter. We’ll renegotiate or pull out. These trade deals are a disaster, Chuck. World Trade Organization is a disaster.” Asked if he was concerned such actions could rattle the world economy — much as the British decision to exit the European Union has done — Trump was dismissive.

“I’m the only one that said Brexit is going to happen,” said the billionaire. “What did it do? The stock market is higher now than when it happened.” Pressed again on whether a fractured Europe was good for America, Trump equivocated, putting forward a vision of Europe as an economic competitor to be bested. “No, no — but we’re spending a lot of money in Europe,” he said. “Don’t forget, Europe got together, why primarily did they get together? To beat the United States when it comes to making money. In other words, on trade.

“The reason that it got together was like a consortium so it could compete with the United States. Look at Airbus,” he said. “They got together, all of these countries got together so they could beat the United States. Okay? So you know, we’re in competition in one way and helping them in one way. It’s so messed up.” In the same interview, Trump said French and German citizens could face “extreme” vetting at US borders in light of recent terror attacks. — Agencies