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US denies Trump planning to exit WTO

Jun 30

 US denies Trump planning to exit WTO

It would be an 'exaggeration' to say US President Donald Trump is planning to withdraw from the World Trade Organization, Treasury Secretary Steven Mnuchin said Friday, denying a media report.

'I won't use our favorite word about the fake news but this is an exaggeration,' Mnuchin told Fox Business television about the report from Washington news website Axios.

'The president has been clear with us and with others he has concerns about the WTO. He thinks there's aspects of it that aren't fair.'

And although Trump complains that China and others have used the WTO system to their own advantage 'we are focused on free trade' and 'breaking down barriers,' Mnuchin said.