U.S. President Donald Trump's administration said on Wednesday that it will take aggressive action to combat other countries' unfair trade practices and may defy World Trade Organization rulings that it views as interfering with U.S. sovereignty
In an annual trade policy agenda document, the U.S. Trade Representative's office said the administration "will not tolerate" unfair trade practices that distort markets, including currency manipulation, unfair government subsidies, intellectual property theft and state-owned enterprises.
The document publicly released to Congress on Wednesday signals that the administration may try to push the limits of what is acceptable under WTO rules in its quest to make good on campaign promises to slash U.S. trade deficits with China and Mexico, and bring manufacturing jobs back to the United States.
