FT: Trump preparing to ignore WTO

The Trump administration is preparing to ignore any rulings by the World Trade Organization that it sees as an affront to US sovereignty, according to a leaked report prepared by officials.  The move would be a departure from US practice and a blow to the watchdog’s credibility. The hard-hitting report, due to be sent to Congress on Wednesday and obtained by the Financial Times, marks the first time the new administration has laid out its trade plans in writing. The administration promises to shake up US trade policy and confront what it portrays as a dysfunctional global system that has benefited China and other emerging economies at a cost to US workers. The report laying out President Donald Trump’s 2017 trade agenda comes as his administration is examining alternatives to using the WTO’s dispute settlement system.