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White House Quietly Walks Back Funding Cuts to World Trade Organization
TaiwanPlus News
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4 months ago
The Trump Administration has quietly stepped back from slashing aid for the WTO amid concerns from US lawmakers that defunding the WTO could allow China to dominate it.
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00:00
The White House has quietly removed the World Trade Organization from a list of targets
00:05
for proposed funding cuts.
00:07
On Friday, the Trump administration announced plans to slash foreign aid by a total of 4.9
00:12
billion U.S. dollars.
00:14
Though WTO appeared on an earlier version of the list circulated by U.S. officials,
00:19
however it disappeared from a later version of the list amid concerns from lawmakers,
00:24
including fears that it could allow China to dominate the organization.
00:28
Democrats say all of the proposed cuts are unconstitutional as the funding was authorized
00:33
by Congress.
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