Quicktake
Here’s What It Means to Be a WTO Developing Country
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President Donald Trump says it’s not fair for China to receive preferential trade benefits as a developing nation at the World Trade Organization. Trump’s argument is that China -- the largest economy in the world after the U.S. -- should not enjoy the kind of preferential trade treatment that’s really intended to bolster much poorer nations. It’s “one of the reasons they’ve taken advantage of us,” Trump told attendees at the Economic Club of New York. “We’re considered the big, fat cow. And no longer.”