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#wto

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Zhi Zhu 🕸️

"None of these governments believes #Trump will keep his word. How could they? The man broke every commitment he ever touched.

The #Iran deal. The #Paris Agreement. #NATO cooperation. #WTO norms. Trade deals with #Mexico, #Canada, and #China. He walked away from each of them. Because #chaos creates attention, and attention is the only currency he respects."
theindex.media/trust-is-dead-t

Text from article: The world learned in Trump's first term that American commitments are optional. Treaties are disposable. Diplomats are liabilities. Multilateralism is a weakness. He taught foreign leaders that engagement with the United States comes with a catch—and it will snap shut the moment it stops serving his personal narrative. The lesson stuck. This time around, no one is fooled. When Trump announces a new deal, it's not a signal of strength. It's a flare from a flailing empire. These are deals made under duress, made in the shadow of coercion, instability, and a broken global order. And everyone signing them is doing so with their hands tied and their escape plans drafted. None of these governments believes Trump will keep his word. How could they? The man broke every commitment he ever touched. The Iran deal. The Paris Agreement. NATO cooperation. WTO norms. Trade deals with Mexico, Canada, and China. He walked away from each of them. Because chaos creates attention, and attention is the only currency he respects.
#DonaldTrump#Corruption#GOP
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Nonilex

#China announced the #RareEarth #minerals controls late on Friday as part of a broader package of #tariffs & company restrictions in #retaliation for #Trump's decision to hike tariffs against most Chinese products to 54%.

China announced additional tariffs of 34% on #US goods.

It added 11 entities to the "unreliable entity" list.

And it filed a complaint at the World Trade Organization #WTO.

#Trump #economy #geopolitics #inflation #recession #trumpcession #ETTTTS
reuters.com/markets/europe/eur

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ˈdälfən™🐬 💥 🌊

/3 of 3

~WTO staff comfort themselves that the Trump admin has not so far said it will leave the trade body.

‘It can survive this if the non-U.S. WTO members agree to remain committed to the obligations they've made, and decide they can run the system without the U.S’

(Note: The US has been WTO’s largest financial contributor. Trump crippled the WTO his first term when he blocked judge appointments to its top appeals court.)

#trump#USA#WTO
Avalik
Walter Menteth

US has now exited the #WTO (World Trade Org.) #GPA (General #Procurement Agreement) which Reagan & Thatcher effectively wrote as a central pillar of neoliberalism & which monetarised all values. #US has consistently opposed consideration of other values #sustainability, #ecology, #human values, EDI etc. which globally others have sought.
With US exiting into isolationism huge opportunity now arises for a global reset.
US corporate capital has been looting & pillaging for too long.

Avalik
Chuck Darwin

A U.S. delegate told a March 4 #WTO budget meeting that its payments to the 2024 and 2025 budgets were
👉on hold pending a review of contributions to international organisations
-- and that it would inform the WTO of the outcome at an unspecified date, two trade sources with direct knowledge of the meeting said.

A third trade source confirmed their account and said the WTO was coming up with a #PlanB in case of a prolonged funding pause, without elaborating.

The WTO has already been hobbled by a U.S. move in 2019 during Trump's first term to block new judge appointments to its top appeals court,
which left its key dispute settlement system only partially functional.

Washington had accused the WTO Appellate Body of judicial overreach in trade disputes.

The Geneva-based trade watchdog had an annual budget of 205 million Swiss francs ($232.06 million) in 2024.

The United States was due to contribute about 11% of that based on a fees system that is proportionate to its share of global trade, according to public WTO documents.

reuters.com/world/us-suspends-

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Nonilex

The #UnitedStates has paused contributions to the #WorldTradeOrganization [#WTO], 3 trade sources told Reuters, as #Trump's admin ramps up efforts to cut govt spending.

The Trump admin is retreating from global institutions it sees as at odds w/his "America First" economic policies. It plans to quit some, such as the #WorldHealthOrganization [#WHO], & has cut contributions to others as part of a broad review of federal spending.

reuters.com/world/us-suspends-

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demi7en 🎗🇪🇺

@w7voa Another short story when the CCP allowed their Chinese subjects to celebrate online:

"Let's jump back to autumn 2001 when the *republican* neo-con administration of George W. Bush launched the second Iraq War for which the USA is still paying heavy financial and *reputational* cost.

On the early Chinese forums people were delirious with joy. (i.e. "permitted speech" in the PRC)

Just a year earlier in 2000 the USA had agreed to allow #China to join the #WTO... and in 1994, only a few years after the #Tiananmen massacre, the USA had handed the CCP/PRC the coveted Most Favored Nation (MFN) status.

Yet for the Chinese regime it's not enough for them to win; the USA and all other non-submissive democracies must lose.

I was still rather dismayed back in 2001, but only until I understood the policy."

NB: This is part of a post I made on Nov 7, 2024 in response to the Chinese *celebrating* the result of the most recent US presidential elections...

infosec.exchange/deck/@demi7en

It's a little odd that the Chinese communist dictatorship never allows its subjects to celebrate when the United States or the Democratic Left succeeds in something... 🧐

Infosec Exchangedemi7en 🎗🇪🇺 (@demi7en@infosec.exchange)A "fun" anecdote: First now, 2024. (Note that in the #PRC messages that stay up for more than few minutes let alone go viral are de facto sanctioned by the #CCP dictatorship.) 👉️ On Chinese social media platform Weibo, one of the most liked comments is from a user saying: “There will be a lot of fun to watch over the next four years.” 👈️ (BBC running commentary on you-know-what) https://www.bbc.com/news/live/czxrnw5qrprt Now let's jump back to autumn 2001 when the *republican* neo-con administration of George W. Bush launched the second Iraq War for which the USA is still paying heavy financial and *reputational* cost. On the early Chinese forums people were delirious with joy. (i.e. "permitted speech" in the PRC) Just a year earlier in 2000 the USA had agreed to allow #China to join the #WTO... and in 1994, only a few years after the #Tiananmen massacre, the USA had handed the CCP/PRC the coveted Most Favored Nation (MFN) status. Yet for the Chinese regime it's not enough for them to win; the USA and all other non-submissive democracies must lose. I was still rather dismayed back in 2001, but only until I understood the policy.
#CCP#VOA
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