Trump suggests leaving WTO over import tax proposal

[Valin]

The Hill:

Vicki Needham

07/24/16

 

Donald Trump on Sunday threatened to pull the United States out of the World Trade Organization (WTO) if his plan to tax imports of U.S. companies that move their operations abroad is foiled.

 

The Republican presidential nominee called the international trade body a “disaster” and ratcheted up his anti-trade criticism in calling for the punishment of U.S. firms that move overseas.

 

He also doubled down on his push to either renegotiate or withdraw the United States from all of their global agreements, including the North American Free Trade Agreement and the 12-nation Trans-Pacific Partnership.

 

“There will be a tax to be paid,” Trump told Chuck Todd in an interview on NBC's “Meet the Press.”

 

Trump has vowed to impose tariffs — in the range of 15 percent to 35 percent — on companies like Indiana-based Carrier, which is moving its operations to Mexico.

 

(Snip)