Jun 29, 2018

Trump says he's "not talking about pulling out" of WTO

Photo: Scott Olson/Getty Images

President Trump said on Friday afternoon that he's "not talking about pulling out" of the World Trade Organization, per pool reports.

"We've been treated very badly by the WTO... it's a very, very unfair situation. When you look at the WTO, that's where China emerged, when they joined the WTO. We have been treated very badly. We have lost many, many cases over the years... we've had minority judges.. we've had a minority position in judges. WTO has to start treating the United States fairly because they have not treated us fairly."

The big picture: Axios' Jonathan Swan reported earlier on Friday that Trump has repeatedly told top White House officials that he'd like to withdraw from the WTO, although there has not yet been moves to do so and it's unlikely there will be because the "move seems too extreme, even for Trump."

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.