WTO Gutted by Trump Administration

https://www.reuters.com/article/us-trade-wto/u-s-trade-offensive-takes-out-wto-as-global-arbiter-idUSKBN1YE0YE

Here’s a perfect example of what I’m talking about when I say that the media slants its coverage of Trump, ignoring accomplishments and anything that puts the Trump administration in a positive light.  At the same time, it’s also an example of my complaint that Trump isn’t an effective communicator.

The above-linked article reports on one of the most significant milestones of the Trump administration.  As of yesterday, the World Trade Organization, or “WTO,” has been effectively gutted by the Trump administration’s blocking of appointments to its “Appellate Body,” rendering it unable to rule on trade disputes.

It’s impossible to overstate the significance of this milestone.  The WTO was founded in 1995, but its roots go back much further, to the signing of the Global Agreement on Tariffs and Trade (or “GATT”) in 1947.  Its mission has been to advance the cause of undeveloped and underdeveloped countries through the transfer of industry and wealth from the United States.  As a result, the U.S. has run a trade deficit every year since 1976, a deficit that set a new record in 2018, reached a cumulative total of over $16 trillion and is responsible for 80% of our national debt.  It has shifted millions of high-paying manufacturing jobs overseas and left many millions of Americans unable to afford health care or to save for retirement.  Decades of mush-headed presidents, Democrat and Republican alike, have stood idly by while “economists,” bought-and-paid-for by global corporations, assured them that such “free trade” was in our best interest.

Yesterday should have been celebrated like the end of a major war.  Yet there was little mention of it in the media and no mention of it by Trump, who should be credited with one of the biggest achievements by an American president in decades.  I was lucky to stumble across this article on Reuters where, only an hour later, it was gone from the their web site and I had to do a search to resurrect it.

No country should ever hand over its economy to any global organization that is dedicated to managing it in favor of other countries to its own detriment, but that’s exactly what the U.S. did.  As of yesterday, Trump has effectively put an end to it.

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