this post was submitted on 27 Mar 2025
11 points (100.0% liked)

Economics

718 readers
185 users here now

founded 2 years ago
 

Summary

The United States has paused financial contributions to the World Trade Organization (WTO), pending a review of payments to international organizations.

This move aligns with Trump’s "America First" policy. The U.S. owes 22.7 million Swiss francs as of the end of 2024 and is now classified under "Category 1 arrears," losing some administrative privileges.

The funding halt follows previous U.S. actions that weakened the WTO’s dispute resolution system.

The WTO is developing contingency plans, while experts expect the U.S. to eventually pay its dues.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here