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Exclusive: US pauses financial contributions to WTO, trade sources say

Posted by ipso facto @ 17:04 on March 27, 2025  

US has paused funding for 2024 and 2025, trade sources say
WTO dispute system hobbled since Trump’s first term
US could be subject to punitive measures by WTO
US is the top contributor to WTO budget
GENEVA, March 27 (Reuters) – The United States has paused contributions to the World Trade Organization, three trade sources told Reuters, as U.S. President Donald Trump’s administration ramps up efforts to cut government spending.
The Trump administration is retreating from global institutions it sees as at odds with his “America First” economic policies. It plans to quit some, such as the World Health Organization, and has cut contributions to others as part of a broad review of federal spending.

https://www.reuters.com/world/us-suspends-financial-contributions-wto-trade-sources-say-2025-03-27/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.