US stops "pumping money" into WTO

Informed sources told Reuters that the US has temporarily suspended its financial contributions to the World Trade Organization (WTO).

The US has temporarily suspended its financial contributions to the WTO. (Source: WTO)

The move comes as President Donald Trump's administration steps up efforts to cut government spending.

Reuters news agency reported that two sources directly attending the WTO budget meeting in March revealed that a US representative announced that the country's contribution to the organization's budget for 2024 and 2025 was being suspended while Washington reviewed its contributions to international organizations.

The US will notify the WTO of the matter at an unspecified date.

A third source also confirmed the information and said the WTO is developing a "Plan B" in case the funding suspension is prolonged, but did not give details.

The sources requested anonymity because the information came from a closed-door meeting on the WTO budget and the US funding freeze has not been officially announced.

The White House has yet to respond to the above information.

Source: https://baoquocte.vn/my-dung-bom-tien-cho-wto-309125.html