World Trade Organization
US President Donald Trump revealed Monday night that the country is ready to withdraw from the World Health Organization (WHO) and the World Trade Organization (WTO). Trump said it would make the final decision by the end of this week.
The president noted that he was dissatisfied with the work of both organizations, claiming that his country had been "abused" by both.
The US and China have signed an agreement that should ease the trade war between them, shaking the world markets.
This is the first phase of a Beijing-Washington deal to settle a trade dispute.
China has pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules.
Let me start with a bit of wonderful news: Next Tuesday, Nov. 6, the Chang'an Cargo Train (a.k.a. China Railway Express) is to make a short stop in Ankara. It is then going to pass under the Bosphorus, using the Marmaray tunnel. This is going to be the first direct cargo train traveling from Xian, China, to Europe, arriving at Prague passing through Bulgaria, Serbia, Hungary and Slovakia.
Donald Trump has announced that if necessary, the United States will leave the World Trade Organization (WTO), AFP reports.
During a visit to Pennsylvania, the president announced, "We know the WTO has been screwing us for years. That won't happen again. "
The World Trade Organization is often the target of various attacks by Donald Trump.