WTO Chief Reassures Global Markets After Trump Withdrawal Threat

WTO Chief Reassures Global Markets After Trump Withdrawal Threat

Trump’s WTO Threats & the World Trade Organisation’s Non‑Panic Response

On August 31, President Donald Trump hinted he might pull the U.S. out of the WTO, a move that could chill the foundations of the global economy. The WTO’s director‑general, Roberto Azevedo, came out in a calm de‑escalation, saying the U.S. concerns were no flashpoint and had been voiced before.

What Trump Said

  • “If they don’t shape up, I will withdraw from the WTO.”
  • Repeatedly labeled the WTO a “disaster” and a “catastrophe.”
  • Threatened to renegotiate or exit if WTO rules clashed with his policies.

Azevedo’s Rebuttal

Azevedo urged “no panic.” He explained that any U.S. desire to improve the WTO is not new and reminded members that consensus is the norm – every one of the 164 member countries holds a veto.

Why Reform Is Still on the Table

  • Many diplomats, though annoyed by U.S. tactics, recognize the WTO needs change.
  • The crisis has sparked introspection about how efficient and effective the 23‑year‑old trading club can be.
  • Azevedo welcomed new ideas, inviting all voices to collaborate and push improvements forward.
A Summary in One Sentence

Trump’s threat to quit the WTO may have shaken the world’s trading foundation, but the WTO’s measured response keeps the conversation on reform rather than panic.