Report: Trump administration drafted a bill that abandons key WTO rules
A draft of a Trump administration bill leaked to Axios, called the United States Fair and Reciprocal Tariff Act, would give President Trump the ability to raise tariffs whenever he wants and negotiate directly with any country.
"It would be the equivalent of walking away from the [World Trade Organization] and our commitments there without us actually notifying our withdrawal," a person familiar with the draft told Axios. "The good news is Congress would never give this authority to the president" because the bill is "insane," the person added.
In late May, Trump was briefed on the draft, and most people close to him realize that the bill will go nowhere; Axios reports that adviser Peter Navarro thinks the bill has a shot, but White House Legislative Affairs Director Marc Short told him it would be "dead on arrival" and no one in Congress would support it. White House spokeswoman Lindsay Walters told Axios "the only way this would be news is if this were actual legislation that the administration was preparing to roll out, but it's not. Principals have not even met to review any text of legislation on reciprocal trade."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Today's political cartoons - February 1, 2025
Cartoons Saturday's cartoons - broken eggs, contagious lies, and more
By The Week US Published
-
5 humorously unhealthy cartoons about RFK Jr.
Cartoons Artists take on medical innovation, disease spreading, and more
By The Week US Published
-
Brodet (fish stew) recipe
The Week Recommends This hearty dish is best accompanied by a bowl of polenta
By The Week UK Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published