Venezuela Files Complaint With WTO Regarding US Sanctions Against Petro

Venezuela believes the US is unfairly targeting its national cryptocurrency. Venezuela has filed a complaint with the World Trade Organization (WTO), claiming that current US sanctions on the country violate a number of WTO rules and regulations. The complaint asserts that the “coercive trade-restrictive measures” placed on Venezuela’s national cryptocurrency, the petro, are non-pursuant with…

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The Trump administration reportedly drafted a bill that abandons WTO rulebook

U.S. officials have drafted a bill that will give President Donald Trump’s government the ability to unilaterally raise tariffs without congressional consent, Axios reported. That means the world’s largest economy would be acting outside World Trade Organization rules. Trump has reportedly told officials that he wants to leave the global trading body. President Donald Trump’s…

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