• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home News

Trump’s FART to have “silent but deadly” repercussions

Donald Trump’s move to break away from the World Trade Organisation by forming its own Fair and Reciprocal Tariff Act is likely to have “silent but deadly” repercussions, commentators have said. A leaked draft of the act – dubbed the FART bill – shows that the President is set to abandon global trade rules in favour of […]

Jack Peat by Jack Peat
2018-07-02 12:15
in News, Politics
FacebookTwitterLinkedinEmailWhatsapp

Donald Trump’s move to break away from the World Trade Organisation by forming its own Fair and Reciprocal Tariff Act is likely to have “silent but deadly” repercussions, commentators have said.

A leaked draft of the act – dubbed the FART bill – shows that the President is set to abandon global trade rules in favour of bespoke agreements with different countries.

The draft bill would see the President given unilateral power to ignore global trade rules and set his own tariffs for different countries, edging towards the sort of governance warned about by The London Economic’s Darragh Roche here.

A source told Axisos that the bill would “be the equivalent of walking away from the WTO” said it was “insane” adding: “The good news is Congress would never give this authority to the president.”

Mr Trump’s former head of communications, Anthony Scaramucci, wrote: “The United States Fair and Reciprocal Tariff Act, aka the U.S. FART Act, stinks. American consumers pay for tariffs. Time to switch tactics.”

RELATED 

https://www.thelondoneconomic.com/opinion/donald-trump-was-right-the-election-was-rigged-in-his-favour/15/11/

RelatedPosts

White House ridiculed after posting ’embarrassing’ Superman Trump pic

Government scrap plans to upgrade ‘worst A-road in the country’

Kneecap say their posters have been banned from London Underground

Police investigating ‘migrant boat’ bonfire as hate incident

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← London’s Best New Restaurant Openings – July 2018 ← Brexit has provided camouflage for one of the most incompetent governments in recent history
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->