USTR vows to push for trade deals with Britain, EU; seeks broader reset at WTO

USTR vows to push for trade deals with Britain, EU; seeks broader reset at WTO

WASHINGTON (Reuters) – The Trump administration on Friday said it would focus on concluding trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for a broader reset of the World Trade Organization.

In its annual report to Congress, the U.S. Trade Representative’s office said members of the global trade body needed to fundamentally rethink what it called “an outdated tariff framework” that no longer reflected economic realities.

It said it would push for a close review of the WTO’s budget, which it says has faced “little scrutiny” in the past, and would advocate for changes that allowed for more plurilateral agreements.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts