The Australian government would accuse the US of breaching the Free Trade Agreement between the two countries.
The Trump administration has reportedly suspended financial contributions to the World Trade Organization (WTO) as of Thursday. The decision comes
The World Trade Organization has long served as the referee for global trade disputes. But recently, it has been sidelined by the U.S. and others, which means there's no referee to mediate the trade wars.
Countries with big trade imbalances and higher-than-average tariffs of their own could wind up on President Trump's 'Dirty 15.'
The United States has paused contributions to the World Trade Organization, three trade sources told Reuters, as U.S. President Donald Trump's administration ramps up efforts to cut government spending.
The US has already threatened reciprocal tariffs on multiple countries starting April 2, even as both nations negotiate the first tranche of a Bilateral Trade Agreement (BTA) within 2025.
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