The United States could leave the World Trade Organization. The reason is the stance of President Donald Trump who claims that many of the WTO member countries enjoy the undeserved status of developing countries, which also gives them certain preferences. Trump announced his intentions on August 13, as he spoke before the employees of Shell concern in Monaca, Pennsylvania. A video appeared later on Twitter.
"We will leave the organization if there's a need in this...WTO assists other member countries "use" the U.S., and this situation will never repeat again", the U.S. leader said.
The U.S. president has repeatedly criticized the Organization's member countries that enjoy the status of developing economies but do not deserve it - unlike the U.S. that has no respective privileges.
China comes second in the WTO list of countries by the nominal GDP index - immediately after the United States. China's status of developing country lets it get the subsidies for the development of agriculture and set higher barriers for production imports. Trump considers it to be unfair, blaming China with stealing American technologies.