British minister warns Trump against protectionism amid trade war concerns
- Country:
- United Kingdom
- United States
LONDON, Sept 13 (Reuters) - Protectionism has never ended well, British trade minister Liam Fox said on Thursday when asked about U.S. President Donald Trump's threat to withdraw from the World Trade Organization.
Trump, who has complained the United States is treated unfairly in global trade and has blamed the WTO for allowing that to happen, said last month that he could pull out of the global body.
"We should be pointing out that protectionism has never ended well," Fox told parliament. "The alternative to a rules-based system is a deals-based system which will upset the balance of global trade."
Fox said the power to withdraw from the WTO was not a presidential one but would require sanction by Congress.
ALSO READ
-
Asia-Pacific Puts Services Trade at Centre of Growth and Jobs Through TS4D Talks
-
New Zealand Gives NZ$300,000 to Help Developing Countries Build Safer Food Trade
-
WTO Members Seek a Fresh Start on Farm Talks as Food Security Takes Centre Stage
-
WTO Sets Up Panel on EU Carbon Border Rules as Russia Challenges Restrictions
-
WTO at Crossroads: Why Future of Global Trade Matters to Every One of Us
Google News