Updated Jul 7, 2018

By the numbers: Here's how "badly" the WTO treats the U.S.

South Korean farmers protest the WTO in Hong Kong in 2005. Photo: MN Chan/Getty

President Trump said Monday that the World Trade Organization (WTO) has treated the U.S. "very badly" and if nothing changes "we will be doing something."

Why it matters: The WTO regulates 98% of global trade, and is largely seen as beneficial to the United States. Exiting the organization would likely raise prices on imported goods and make it more difficult for exporters.

By the numbers:

  • The United States wins 87% of the cases it brings to the WTO against other countries.
  • The U.S. files more cases with the WTO than any other nation, ahead of the EU and Canada.
  • Other countries file more cases against the U.S. than any other nation, ahead of the EU and China.
  • The U.S. loses 75% of the cases filed against them in the WTO. These winning and losing records are both better than average for members.
  • It takes six months for a country to file a withdrawal notice with the WTO and for it to go into effect, if the U.S. were to exit the organization.
  • Two-thirds of cases are settled between countries before they reach a WTO panel.
  • Trade made up 27% of the U.S. GDP in 2016.
  • In 2016, then-candidate Donald Trump said the WTO was a "disaster" and proposed a 35% tariff on Mexican imports and 45% on Chinese imports. Countries subject to Trump's steel and aluminum tariffs are filing challenges with the WTO, saying they violate terms of the agreement.

Don't forget: Membership in the WTO grants the U.S. preferential access to markets of other members, even if relations are geopolitically rocky. If the U.S. were to leave, they would have to negotiate lots of other free trade agreements; current free trade agreements only cover 40% of trade.

Go deeper: Trump's private threat to upend global trade

Go deeper

Sign of the times: A pro-Warren super PAC

Democratic presidential candidate Sen. Elizabeth Warren at a rally in Nevada. Photo: Alex Wong/Getty Images

A group of women progressives who back Sen. Elizabeth Warren has formed Persist PAC, a super PAC airing pro-Warren ads starting Wednesday in an effort to boost her performance ahead of Saturday's crucial Nevada caucuses, a spokesman told Axios.

Why it matters: Warren has spoken adamantly against the influence of unlimited spending and dark money in politics. But these supporters have concluded that before Warren can reform the system, she must win under the rules that exist — and that whether she likes it or not, their uncoordinated help may be needed to keep her viable through this weekend's contest and into South Carolina and Super Tuesday.

Go deeperArrowUpdated 55 mins ago - Politics & Policy

Pentagon policy chief resigns amid reported discord with Trump

John Rood. Photo: Mark Wilson/Getty Images

John Rood, the Pentagon's top policy official, will resign from his post at the end of the month, CNN first reported and President Trump confirmed.

The state of play: CNN said Rood "was perceived as not embracing some of the changes in policy the White House and senior Pentagon officials wanted," such as peace talks in Afghanistan with the Taliban and a decision to cut back on military exercises with South Korea as the president courted North Korea's Kim Jong-un.

Coronavirus cases rise, as warnings of global pandemic grow

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

We may be "at the brink" of a global pandemic, warns a top U.S. public health official, as cases continue to spread despite containment efforts. Meanwhile, the global economy is being affected, including the tech manufacturing industry.

The big picture: COVID-19 has now killed more than 2,000 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 136 new deaths since Tuesday.

Go deeperArrowUpdated 2 hours ago - Health