Russia's economy ministry said that American companies are unlikely to allow U.S. President Donald Trump to withdraw from the World Trade Organization (WTO).
"The US economy will suffer as well from the game without rules. The United States is the world's second-largest exporter. They are interested in favorable and stable conditions for access to foreign markets," the ministry’s statement read.
"The United States will have to enter into trade agreements with all of their largest trading partners, including the European Union, China and other countries. It is not likely that the terms of such agreements that the US negotiators would manage to 'bargain' will be better for the US economy than the conditions that exist now within the WTO framework," Sputnik cited the statement as saying.
Trump threatened in an interview with Bloomberg News on Thursday to pull the United States out of the global trade body if it doesn’t "shape up," stressing that the organization has ruled against the US too frequently.
