(Dara Doyle – Bloomberg)
The World Trade Organization has the tools to handle many of the trade concerns raised by President Donald Trump, Director-General Roberto Azevedo said, seeking to calm worries that the new U.S. administration could usher in a new era of protectionism.
“I heard the U.S. team complaining about unfair trade,” Azevedo said in a Bloomberg Television interview with Mark Barton from Geneva on Wednesday. “Every single country in the WTO complains about unfair trade. What you do about that is the big question.”
Azevedo, 59, said he’s waiting for details of the Trump administration’s trade policy before making any judgments. Trump last month signed an order to withdraw the U.S. from the Trans-Pacific Partnership and plans to open talks to renegotiate NAFTA, the 23-year-old deal binding the U.S., Canada and Mexico. U.S. lawmakers are also considering a border tax on corporations. Click here to read more. Click here to read more and watch the video.