Donald Trump says he doesn’t plan exit from WTO, wants better treatment

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"Trump has explicitly told his adviser he wants to withdraw from the WTO many times".

It is unlikely that Trump will ultimately pull the U.S. out of the WTO, the report said, and White House officials said there was no plan to do so. "We always get fucked by them [the WTO]", Trump frequently tells advisors, according to the source. I'm saying they haven't treated us fairly. Axios reported, citing an unnamed official, that the president had complained the WTO was designed by the rest of the world to "screw" the U.S. So how is the WTO really working for the U.S?

When asked about the Axios report, Treasury Secretary Mnuchin said, "There is no breaking news [here] ..."

Earlier, an online news agency Axios referring to the insider reported that the USA was likely to exit the WTO.

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The president was refuting reports that he has been pushing advisers to pull out of the WTO because the worldwide arbiter of trade disputes is unfair to the U.S.

"This is an exaggeration", Mnuchin said.

The report comes in the midst of a looming trade war between the USA and China.

According to a report on Friday, instead of making efforts to address perceived problems with the worldwide trade regime, the president has been pushing privately for the U.S. to throw in the towel.

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"Faced with these unjustified tariffs, the United States will take all necessary actions under both US law and worldwide rules to protect its interests", he said.

Lighthizer said the USA has held for years under Article XXI of the General Agreement on Tariffs and Trade that actions taken under this article are "not justiciable by any panel of the WTO".

Pulling out of the WTO would isolate the United States from the world economy, said Rufus Yerxa, a former deputy director general at the WTO.

The report comes after Trump imposed tariffs on steel and aluminum from the US' biggest trading partners and slapped tariffs on $50 billion of Chinese goods.

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