Steven Mnuchin, the U.S. Secretary of Treasury, denied information about the country’s possible exit from the World Trade Organization (WTO).
“The statements attribute to Donald Trump, the American President, about the intentions to leave the WTO is “fake news”, Mnuchin said in the interview for Fox Business TV channel on Friday on June 29, as DW.com reports.
He added that Trump is concerned about the situation in the WTO as the U.S. is focused on “free trade” and “lifting up the barriers”, while China and other states are using the WTO for its own purposes.
Earlier, an online news agency Axios referring to the insider reported that the U.S. was likely to exit the WTO. According to the news agency, the economic advisors of the President stood against such statements.