draft bill to abandon world trade rules the 'FART Act'


The draft bill, known as the "United States Fair and Reciprocal Tariff Act," would essentially allow President Donald Trump to unilaterally raise tariffs without Congress' approval.
The WTO maintains a rules-based system meant to resolve international trade disputes, end unfair trade practices, and head off potential trade wars. But Trump has reportedly said that foreign countries use the organization to "screw the United States."
Should the US walk away from the WTO, it would undermine the entire system of trade rules agreed upon by the international community.