Expert: Where will US efforts to “destroy” the WTO lead?
US President Donald Trump announced the possibility of the country's withdrawal from the WTO. Political analyst Andrei Suzdaltsev, in an interview with Sputnik, shared his views on the reasons for the US authorities' antipathy towards the World Trade Organization.
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US leader Donald Trump does not rule out that the United States could withdraw from the World Trade Organization, if the organization cannot change for the better.
Political analyst Andrei Suzdaltsev commented on Washington's stance on Sputnik radio, saying that all this could lead to a crisis.
"Over the past two years, Washington has been changing the structure of the international trade system, which involves the world financial system. And in Trump's understanding of all these organizations, the WTO is an obstacle. The United States, which for many years spent money on the establishment and consolidation of the WTO, and later on the creation of blocs and trade partnerships, is now actively destroying the entire system. This leads to a change in the entire philosophy of international trade. The United States wants to take a leading role in international trade. The WTO is an obstacle, the United States wants to take this role. But this is impossible. Therefore, in the end, this can lead to a crisis of its own making," Andrei Suzdaltsev believes.
