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US President Calls for Revision of India China Status in WTO

Addressing a gathering at Pennsylvania United States President Donald Trump call for non inclusion of India and China as developing nations and that they should be denied benefit from the WTO. “They (India and China) were taking advantage of us for years and years,” he said, pointing out that WTO’s ‘developing nation’ tag for India and China put the US to disadvantage. “We’re not letting that happen anymore…Everybody is growing but us,” he added. This comes even as Voice of America Reported that U.S. market futures pointed to slight gains Thursday, rebounding from Wednesday’s trading that sent the Dow Jones Industrial Average, Standard and Poors 500 and Nasdaq all down 3%. VOA said that analysts pointed to weak German and Chinese economic data as warning signs of a possible world economic slowdown. But most importantly, the analysts pointed to a so-called yield curve inversion for interest rates on two- and 10-year U.S. Treasury notes...............

 

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