Another Misguided US Attack on the World Trade Organization

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cato.org

James Bacchus
James Bacchus

In one more sign of its reckless retreat from responsibility in international trade, the United States is reportedly refusing to pay its agreed share of the budget of the embattled World Trade Organization (WTO). In Geneva, US delegates have evidently told other members of the WTO that its payments for the 2024 and 2025 WTO budgets are on hold pending a review of all US contributions to international organizations.
So far, no one in Geneva is saying much about this latest insult by the Trump administration to trade multilateralism (following Trump’s previous insults and those of Joe Biden for nearly a decade). The 165 other member countries of the WTO are doing their best to pretend the United States is not acting as badly as it is in international trade governance, as they have been doing for some time now. But it is getting harder for them to pretend that all is still well with the rules-based multilateral trading system that the United States played a major role in creating but seems now to be bent on wholly abandoning.
Why would the United States refuse to pay its WTO dues?
The White House has not said.
It is not because the amount of the dues would break the US budget. Overall, the WTO has an annual budget of about $232 million. By longstanding agreement, every year this amount is allocated proportionately among the 166 WTO members according to their share of world trade in the preceding year. Accordingly, the United States is supposed to pay about 11 percent of this WTO budget—about $24 million per year.
This is probably less than US taxpayers fork over to pay for President Trump’s frequent golf trips. Those costs reportedly total tens of millions of dollars. Indeed, one report reckons that Trump’s golfing has already cost the US budget $18 million since he was sworn into his second term as president on January 20.  » Read More
https://www.cato.org/blog/another-misguided-us-attack-world-trade-organization

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Notice of Compliance to California Residents: Your California Privacy Rights Under the California Online Privacy Protection Act and the California Business and Professions Code

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Context
Types of Data
Primary Purpose for Collection and Use of Data
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Mailing List
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Mobile Devices
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Order Placement
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Partner Promotion
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Surveys
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We use this information to understand your opinions and collect information relevant to our organization.
Sweepstakes or Contests
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We use this information to operate the sweepstakes. In some contexts we are also required by law to collect information about those that enter into our sweepstakes.
Website Interactions
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Web Logs
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We use this information to monitor our networks and the visitors to our websites. Among other things, it helps us understand which of our products or services is the most popular.

Revisions to This Policy

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About PaperlessTimes

PaperlessTimes is really just a hobby site comprised of some of my favorite and most read conservative leaning sources.  The main idea is just aggregate RSS feeds centralized in one area so I can simply take a quick look at the latest articles and pop on over to the full article if wanted; saves a bit of time from going from site to site looking for something that might interest me.

I long ago lost any faith in what is commonly known as mainstream “news” recognizing that it’s not just how a story is framed, but also what is omitted in what passes for information these days.  There are many, many great authors and thinkers in conservative thought who have the freedom to focus not on narrative and instead on substance.

This is always a work in progress for my own use, but if you find it useful, that is awesome.  If there’s a feed you read that you would possibly like added, (always interested in expanding), have any complaints or suggestions, feel free to use the contact form .  There is a bit of marketing on this site which is more of a test run for developing stuff.  If anything catches your eye, buy away, for it does go to me.

thanks, Steve

 

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