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To save the global economy, kick the US out of the WTOwww.politico.eu/article/to-save-the-global-economy-kick-the-us-out-the-world-trade-organization/
507 sats \ 14 comments \ @Coinsreporter 20h econ
With U.S. President Donald Trump threatening to jack up tariffs to massive heights starting July 9 — including 50 percent tariffs on nearly all goods from the EU — the global economy hangs on a cliff edge.
Last week, the bloc floated the idea of creating an alternative to the World Trade Organization (WTO), cooperating with like-minded countries to maintain the rule of law in trade. But there is a better option: Keep the WTO, but kick out the U.S.
Who would have thought Trump who wants to prove that he's the strongest leader (or US is the strongest) by exerting a misuse of his powers not only against the enemies but also against the apparent friends.
Anyways this made me guess a few things....
  • This — Kicking out US from WTO — is even possible?
  • What's the existence of WTO without USA?
  • I suspect Trump would take US out of NATO as retaliation if 'this' somehow is manifested by the bloc.
Still...
To combat Trump, we must be prepared to construct a WTO without the U.S.
Trump is not the US!
Or, is he?
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92 sats \ 5 replies \ @grayruby 19h
Of course she is a professor in Canada. Canadians are under some delusion that we can live under some harmonious, global institution preserving world without the US. It’s ludicrous.
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40 sats \ 1 reply \ @Undisciplined 19h
It's going to be a rude awakening when she finds out the global institution running the world is the US.
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42 sats \ 0 replies \ @grayruby 19h
Canadians are kind of naive.
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40 sats \ 2 replies \ @Coinsreporter OP 19h
So you now supporting the annexation of Canada to be 51st state! ;)
Why does US need to be the patron of these global organisations? I don't support it and I think Canada shouldn't either.
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20 sats \ 1 reply \ @grayruby 19h
US is the largest net importer of goods in the world and issues the currency most global trade is settled in. So you could possibly have a WTO without them but it would just make an already questionably useful organization even more pointless.
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40 sats \ 0 replies \ @Coinsreporter OP 19h
Yes, that's true and I already made a questioning remark about WTO's existence without US. However like many others I hope US should not bully other nations and this should stop. As US currency is the most global, I believe US is always in profits with or without tarrifs. All this tarrif-tarrif is a mere drama and Trump's been manipulating the market to fill his/his family's pockets because he knows that he won't get a better and another chance to do it.
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20 sats \ 5 replies \ @Undisciplined 20h
I'm all for it. Let's be rid of these supernational organizations.
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42 sats \ 4 replies \ @Coinsreporter OP 19h
Why not we rid of the International bully Trump? Wouldn't that be easier?
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20 sats \ 3 replies \ @Undisciplined 19h
How about both?
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42 sats \ 2 replies \ @Coinsreporter OP 19h
Just do it if anyone can. I guess both aren't gonna happen. At least Trump is staying for 3.5 more years and USA forever if WTO wants to remain in existence.
I don't think either of these is gonna happen.
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20 sats \ 1 reply \ @Undisciplined 19h
A man can dream
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21 sats \ 0 replies \ @Coinsreporter OP 19h
A woman from Canada has already dreamt half and woke up. Haha
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20 sats \ 1 reply \ @denlillaapan 20h
Whenever I see the word "save" in headlines or posters these days, my brain goes "save... from what?"
Seems appropriate here
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0 sats \ 0 replies \ @Coinsreporter OP 20h
I certainly agree with you on both. I don't think many US people still approve what he is trying to achieve here. If he keeps on, he'd certainly leave US more relegated than ever.
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