https://www.google.com/amp/s/thehill.com/policy/finance/454932-trump-calls-on-wto-to-reform-developing-country-status-used-by-china%3famp
President Trump wants the World Trade Organization (WTO) to prevent countries like China from labeling themselves "developing," arguing that some member nations are abusing that status to operate under more lenient rules.
Trump issued a memo directing U.S. Trade Representative Robert Lighthizer to use "all available means" to secure changes to WTO policy toward developing countries.
Without progress in the next 90 days, the Trump administration said it will unilaterally ignore a country's "developing status" and reject its membership in the Organization of Economic Cooperation and Development.
If the WTO doesn’t do this then the US needs to reestablish control and force the WTO to do it . China needs to be reigned in completely and it has to happen right now .
On the China issue I agree with Trump 100% and hope he doesn't back down one bit
If trump was actually good on China he would have signed the tpp.
I agree but the actions he’s taken other than that have worked , China’s economic growth has slown to its lowest level since the 90s while our economy continues to be strong . If the trend continues then it’s clear the Chinese have more to lose than the US does
The U.S. economy is slowing too. Last quarter's GDP came in at 2.1% growth, and Q4 of last year has now been revised downward from 3% to 2.5. Goldman Sachs has just lowered their Q3 forecast to 1.7. The tariffs have hurt both countries, but really a slowdown was inevitable at this stage of the business cycle.
Another data point in the new GDP report: business investment (something the tax cut was supposed to boost) actually
declined by 0.6%, the worst since early 2016.
I'm pretty sure that Trump and/or his advisers claimed that his policies would lead to sustained 3% growth, maybe even 4%, throughout his term.
