At Davos, Trump called the U.S. a 'developing nation.' By any definition, it's not
Photo: Simon Dawson/Bloomberg via Getty Images Though Trump’s trade war with China proves he doesn’t have a firm grip on macroeconomic strategy, a comment the president made at Davos reveals he doesn’t have a strong understanding of the field’s terms either.
I’ve had a dispute running with them for quite a while, because our country hasn’t been treated fairly. China is viewed as a developing nation. India is viewed as a developing nation. We’re not viewed as a developing nation. As far as I’m concerned, we’re a developing nation too. But they got tremendous advantages by the fact that they were considered “developing” and we weren’t. And they shouldn’t be. But if they are, we are.
And to provide context for Trump’s frustration with not getting preferred treatment, the special provisions are not great levelers, but rather help seat developing countries at the table. According to Bloomberg, special provisions in WTO agreements “give developing countries more time to implement tariff reductions, increased asymmetrical access to foreign markets, protections that safeguard their trading interests, and technical support to help them implement WTO rules.
In all likelihood, the president’s description of the United States as a developing nation was a disingenuous call for fair treatment, not a critique of the gross inequality built into the world’s largest economy, which — despite a $20 trillion-plus nominal GDP — cannot ensure food security for 18 million children, indoor plumbing for 2 million Americans, or a living wage for tens of millions of workers.
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