Never miss a story

Get subscribed to our newsletter


×
Donald Trump said that Everybody is growing but USA. Pixabay

US President Donald Trump has said that India and China are no longer “growing nations”, claiming that they are “taking advantage” of the tag from the World Trade Organization (WTO) and warned that he will not let it happen anymore.

“They (WTO) view certain countries like China, India… as growing nations. Well, they have grown, and they had tremendous advantages… We’re not letting that happen anymore…Everybody is growing but us,” said Trump at a campaign rally in Pittsburgh on Tuesday.


They (India and China) were taking the advantage of a developing nation tag from the WTO, putting the US to disadvantage, he said at the rally.

The WTO is an intergovernmental organisation that regulates international trade between nations.

The White House pointed out in a memorandum that China and many other countries continue to style themselves as developing countries “allowing them to enjoy the benefits that come with that status and seek weaker commitments than those made by other WTO members”, media reports said.


In World Trade Organization, Trump make some senational comments about China and India. Pixabay

Trump said the US does not need the WTO if the Geneva-based organization fails to address loopholes that favour certain nations.

Also Read: Micro-blogging Site Twitter to Soon Let Users Follow Topics

Shortly after issuing the memorandum, Trump said in a statement that the WTO was “broken” as “the world’s richest countries” claim to be developing countries and get special treatment to avoid WTO rules, reports say.

China, with whom the US is engaged in a bruising trade war, has been identified by Washington as the “most significant abuser” of WTO regulations. Since joining the WTO, China has insisted that it is a developing country, according to the memorandum. (IANS)


Popular

Wikipedia

CSI at its 73rd conference in Hyderabad has released a video featuring India's former cricket captain Kapil Dev and a book about the common things in cardiology written by 150 cardiologists.

By Mohammed Shafeeq

Heart health of every person is in his hands and if people adopt good diet, healthy lifestyle, do some exercises and avoid smoking they can very well prevent a large number of heart diseases, says Cardiological Society of India (CSI) president Dr P.P. Mohanan.

Keep Reading Show less
Wikipedia

Set up in 1958 as the country's second IIT -- after IIT Kharagpur (IIT-KGP, 1950) in the list of 23 IITs currently, IIT-B enters the momentous diamond jubilee year of its historic first convocation held on December 22, 1962.

By Quaid NajmiMumbai

Set up in 1958 as the country's second IIT -- after IIT Kharagpur (IIT-KGP, 1950) -- in the list of 23 IITs currently, IIT-B enters the momentous diamond jubilee year of its historic first convocation held on December 22, 1962, when around 70 wide-eyed young men passed out of the institute.

Keep Reading Show less
Unsplash

A laser show and fireworks will light up all temples, streets, 'crossroads' and other public places in Varanasi.

With the inauguration of Kashi Vishwanath corridor in Varanasi on December 13, the whole of Uttar Pradesh will be lit up similar to Diwali-like celebrations. This year the people of the state will invoke Lord Shiva in their homes by lighting lamps on the occasion of the inauguration of Kashi Vishwanath corridor, the highest revered shrine of Hindu faith. Along with this, a laser show and fireworks will light up all temples, streets, 'crossroads' and other public places in Varanasi.

Follow NewsGram on Facebook to stay updated.

Keep reading... Show less