The World Trade Organization (WTO) is an international organization regulating the rules of trade between nations. It was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT.) It consists of 164 members.
The Chinese Commerce Ministry has said it has filed a complaint to the World Trade Organization (WTO) against import tariffs on $200 billion worth of Chinese goods announced earlier by the White House.
President Donald Trump’s remark about possibly withdrawing the US from the World Trade Organization is not a new sentiment and not a cause for panic, the WTO director general said, downplaying the line that rocked media headlines.