Trump Puts Foot Down Closes WTO Loophole on China Trades

2 years ago editor

The ongoing tensions between the U.S. and China aren’t getting any better and the President’s move to finally prevent China from abusing the World Trade system won’t help either… at least it won’t help China. With the forceful measures being used by the Chinese government in Hong Kong and as reports are coming out of that area mentioning the American flag being used as a rallying symbol, there’s tension. As China and the U.S. butt heads trying to come up with a trade agreement that works for each nation, and while the word tariff has been used, there’s tension.

Most recently, President Trump has decided to put his foot down and say enough with how China has been abusing the WTO (World Trade Organization). What is really interesting is that no other country, leader or president has said anything about this, until now. Although the WTO has appointed leadership and defined roles with its organizational framework, there are many areas where they operate almost upon a “good faith” practice. It is much like you and your buddies out on the golf course where you each have some level of trust about a number of shots, scores, and an honor system of sorts.

This is a very honorable concept and it is solid as well, provided there are those willing to blow the whistle when there is a foul. Provided those buddies on the course with you aren’t enemies or unwanted playing partners! That isn’t saying China is an enemy or an unwanted playing partner (at least not yet), it merely means the President demands fair play. I know, the nerve of this man, right? Based on one recent story, this is what unfolded.

China is classified as a “Developing Country” under the now 25-year-old World Trade organization. To be fair, China isn’t the United States but to list them as a developing country? How is that even possible?

Remember that honor system, that good faith practice mentioned earlier? That’s how.

Come to find out, that when a country joins the WTO, they get to choose how they classify themselves. Right. As you have already figured out by now there are many more advantages and benefits afforded those with a developing country status under the WTO system. As it should be. But China? This is exactly what has the President scratching his head. Donald Trump, however, isn’t a man who is prone to sit back and do nothing when he sees something wrong.

He didn’t.

In fact, this is what he said via a tweet:

“The WTO is BROKEN when the world’s RICHEST countries claim to be developing countries to avoid WTO rules and get special treatment. NO more!!! Today I directed the U.S. Trade Representative to take action so that countries stop CHEATING the system at the expense of the USA!”

He isn’t wrong either, actually, he is spot on. That aforementioned article also noted that nearly two-thirds of the 168 countries that make up the WTO claim this status. Of course, it was China he specifically mentioned. Don’t be surprised if the Chinese government retaliates but it is understandable why Trump singled China out. Arguably, of all the countries that are part of the WTO, are there any who have taken greater advantage of the system? Sure, there may have been some other motives but the facts are still the facts.

Now, was that a five or six you scored on that last par 4? In golf terms, that might look a lot more like an 8, 9, or 10 on the scorecard, if not worse. Yes, countries are cheating the system. Yes, China is arguably the biggest cheat of them all and oh yes, you better believe the President has our nation’s back.

Yes, there is already tension between the U.S. and China and no, this won’t help ease those tensions. What it will do though, is make China play fair (at least under the WTO rules) and prevent the U.S. from being taken advantage of, after all, 25 years is long enough right?

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  1040. China will always try to get away with whatever it can. They seem to think that they are still the greatest nation on the planet.

  1046. What I would like to know why where the previous Presidents allowing the Chinese to take advantage? Im sure they were getting a handsome kickback from the CHinese Government while the american people suffered.
    Trump wait them out! USA is tired of getting taken advantage of. FAir Deal or NO DEAL

  1048. Great analogy. President Trump is doing a fantastic job for the United States. Sadly there are some that just don’t realize it. Or rather they refuse to give Trump the deserved credit because it is irksome to them and they can’t stand to acknowledge he is correct. Pres. Trump IS trying to “MAKE AMERICA GREAT AGAIN”! You may not agree with or appreciate some of Trumps tweets but to be fair, one must give credit where credit is do. The rest of the world doesn’t like the idea that Pres. Trump puts AMERICA first and is tired of the US being taken advantage of. Buy hey! THAT is why WE elected TRUMP and it is why WE WILL RE ELECT TRUMP IN 2020! Some one REALLY going to vote for a presidential candidate the did not put their hand over their heart for the National Anthem?? OR say their opening comment in the UNITED STATES PRESIDENTIAL CANDIDACY debate in SPANISH?? Really?? NO! That is not a racist statement. It was the UNITED STATES PRESIDENTIAL CANDIDACY DEBATE ! Jezzers.

  1050. I don’t speak “GOLF”
    But on another hand, doing what the president does ,when announcing these major trade announcements gives a tremendous advantage to the innermost circle around the president to manipulate the stock market to their advantage like shorting certain stocks.
    WHO’S WATCHING THE HEN HOUSE WHEN THE CAYOTES AND THE FOXES ARE THE FARM OWNERS….. yes I know we’ll have another investigation done by the perpetrators and they will be cleared of all wrong doings.

  1054. I was in Beijing and Shanghai last year. Nothing undeveloped about China’s east coast. In many ways much more modern than the U.S. Transportation and buildings better than U.S. Western China can still be called undeveloped.
    What would you do if you were China….you got one billion 400 million people you have to keep happy…good luck with that.

  1056. Can’t blame China for taking advantage of pussy ass presidents like Obama. I’d do the same. Sort of like Alabama running up the score on Georgia State. If you can get away with it…why not?

  1058. Yay! China was a developing country after Mao was gone. But, they have moved rapidly into the future and cannot make that claim anymore. Thank you, President Trump.

  1064. Despite all the roadblocks placed in his way by the Democrats, Socialists, and many of our trading partners Trump continues to win and the United States is the better off for it. During the so-called Democratic presidential debates all the candidates bad-mouthed Trump for anything and everything (although I don’t recall the Civil War being mentioned). But, what the Democrats were spouting about I just am not seeing in my neck of the woods.

    But, before all the people get all elated and decide Trump will win re-election we need to remember one thing. We still have to go to the polls and vote. Saying we support the president isn’t going to get the job done. Only actual ballots are counted.

  1066. Wonderful put! Great article and very spot on!!! ! Thank you for speaking the TRUTH about facts! 🇺🇸❤️👏👍🙏🏻

  1068. I’m proud of President Trump .I believe he is the best President my Country every had.

  1072. Of course its fair. It is also fair to call China in SOEs.
    It is important that China be required to acknowledge that SOEs will be treated much differently that a private entity.
    Transparency of true ownership must be verifiable on the open market and laws requiring forced cooperation and sharing of private information and property rights is illegal and that’s just the surfac.

  1074. usa sells most ag to china stop the sale of rice to them and no more soe beens starve them ford gmc doge are amercan cars why do we buy any of there cars?

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