US suspends financial contributions to WTO, trade sources say
- The United States has suspended its financial contributions to the World Trade Organisation , according to sources in Washington.
- European Commission President Ursula von der Leyen labelled the tariffs 'taxes- bad for businesses, worse for consumers'.
- The WTO could impose penalties if the US fails to resume payments within a year, according to its rules.
- The trade tariff has raised alarms among industry experts amid rising global trade tensions.
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US 'in arrears' at the WTO
The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in "arrears", the WTO's spokesman said Friday.
·Florida, United States
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Total News Sources79
Leaning Left6Leaning Right23Center14Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
14%
C 33%
R 53%
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