Date: 3 months ago   Category: Economy

The expert has told about consequences of a possible exit of the USA from the WTO — Rambler News Service


Possible exit of the USA from the World Trade Organization (WTO) will become the reason of the beginning of rigid trade and tariff wars in key regions of the world and also will lead to destruction of the main regulatory tools and institutes of world trade what, actually, and try to obtain in Washington, professor of Higher School of Economics National Research University Dmitry Evstafyev has told RNS. "In case of an exit of the USA from the WTO we are waited by an enormous round of trade wars, trade and tariff oppositions that it can change very seriously trade balance on key regions" — the expert has told. According to him, the U.S. President Donald Trump seeks to destroy the main world institutes where the USA has to coordinate the position with other players. "Trump already rather long time is engaged in it and will continue to be engaged: he destroys all main institutes where the USA has to coordinate with someone the position. As a result it can end with destruction of the main regulatory tools and institutes of world trade" — Evstafyev has noted. Earlier Trump has said in an interview to the Bloomberg agency that the USA will leave the WTO in case in it there are no changes to the best. He has emphasized that the USA "seldom won trials" in the WTO "except for last year". "Last year we began to win victories … Do you know why? Because they understand that if we don't win, I will leave" — Trump has added. On August 29 the USA has appealed to the WTO about carrying out consultations on a dispute with Russia in connection with input of the Russian Federation of additional duties as countermeasures on introduction by Washington of additional duties on steel and aluminum.

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