Posted on 07/01/2018 4:42:29 PM PDT by yesthatjallen
A leaked copy of draft Trump administration legislation shows that the U.S. would abandon fundamental rules of the World Trade Organization (WTO), according to Axios, which obtained the copy of the bill.
The United States Fair and Reciprocal Tariff Act would reportedly provide President Trump with the authority to ignore two monumental principles of the WTO and take part in bilateral negotiations with any country.
According to Axios, the legislation shows the abandonment of the "Most Favored Nation" (MFN) principle, which says that countries are not allowed to set different tariff rates for different countries outside of free trade agreements.
The bill also does away with "bound tariff rates," which are tariff limits that each WTO member country has agreed to, Axios reported.
The president was briefed on the draft bill in May, according to Axios.
However, officials who drafted the bill are skeptical that it could ever be approved, with White House trade adviser Peter Navarro having told White House legislative director Marc Short that it did not stand a chance of getting through Congress, the news outlet reported.
"It is no secret that POTUS has had frustrations with the unfair imbalance of tariffs that put the U.S. at a disadvantage. He has asked his team to develop ideas to remedy this situation and create incentives for countries to lower their tariffs. The current system gives the U.S. no leverage and other countries no incentive," Walters said.
"The only way this would be news is if this were actual legislation that the administration was preparing to rollout, but it’s not," she said. "Principals have not even met to review any text of legislation on reciprocal trade."
ETC...
(Excerpt) Read more at thehill.com ...
I hope the leaked version contained unique keywords that will allo the leaker to be identified, fired,and prosecuted.
Axios and The Hill are enemies of the state.
WINNING!!
Axios = CNN with a fancy, Greek name.
the uniparty termites and their globalist acolytes and cronies have been busy thieving from us. the wto is one of their favorite financial ticks.
And another leaker is outed...
Arent Oval Office conversations supposed to be classified as secret?
30 years in prison. First parole hearing after 20 years. Truth in sentencing for this.
That sounds fair.
Axios is getting tactical info out to its commie political/regulator class friends as early as possible.
I find it interesting that nothing as impactful or significant as this has leaked from the Mueller investigation thus far. That suggests, as we all know, that the Mueller investigation has nothing either significant or impactful as far as evidence is concerned.
Who leaked this?
I agree with Navarro. No way it makes it through Congress.
And his/her family.
I don’t really want anyone killed. Poor choice of word.
Me neither. I’d settle for fired, prosecuted if any info was classified, put on the no-fly list...
Gotta find the Clinton Machine for the best means to kill the leaker. The Clinton Death Count matters.
Might have to pry Freedom and sovereignty from someone's cold dead hands somewhere down the road. RIP Charlton....
The US FART act? Does nobody pay attention to the details?
I want country of origin labeling back for beef. I don’t trust mystery meat.
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