The US suspended all payments to the Globalist World Trade Organization (WTO) on Thursday as the Trump administration strives to cut government spending and challenge organizations that “teared” US taxpayers.
The move is part of a restructuring of the new US taxpayer dollar administration, which is being passed on to institutions that are opposed to his “America-First” economic policy.
He plans to quit some such as the World Health Organization (WHO), cutting others as part of a broad review of federal spending Reuters Report.
The Geneva-based trade watchdog body had an annual budget of $232.06 million in 2024. The US was planning to donate about 11% of it based on a fee system proportional to the proportion of global trade, according to a public WTO document cited by Reuters.
That contribution is currently questionable.
Under WTO rules, members who fail to pay their membership fees after one year or more will be subject to “management measures.” This is a series of punitive measures that gradually become more severe as the fees increase.
The country is currently categorized as the first of three such categories, with two sources of trade confirmed by Reuters. That is, their representatives will no longer be able to preside over WTO institutions or receive formal documents.
The previous Trump administration also had problems with the WTO and placed it in the same category as who it was.
“I call them 'Bobsey's twins,'” Trump said in 2020, as reported by Breitbart News.
Flashback: Donald Trump says WHO and WTO tore apart American taxpayers for years
Video Source: White House
The WTO self-defined its entire mission as overseeing world trade from its luxurious headquarters in Geneva, Switzerland.
It achieves its end by enforcing international trade rules that critics say are undemocratic and inexplainable to the WTO.
