May reacts to different directions on trade

May reacts to different directions on trade

May reacts to different directions on trade

British Prime Minister Theresa May told business leaders in Davos on Jan. 25 that countries must not start pulling in different directions on trade.

She added that the World Trade Organization must go further in its reforms.

“Too often our rhetoric in support of free trade here in Davos is not matched by our actions,” she said, as quoted by Reuters.

“The World Trade Organization still needs to go much further in its reforms, ensuring its rule book keeps pace with developments in the global economy.”

May meets Trump

Meanwhile, May met U.S. President Donald Trump in Davos to discuss the conflict in Syria, U.S. efforts to revise the Iran nuclear deal and North Korea’s nuclear threat, as reported by the AP.

Trump hosted May at the White House days after he took office in January 2017, but the relationship has been strained since then.

Trump recently canceled a trip to London for the opening of a new U.S. Embassy. Trump and May last year traded criticism over Trump’s retweets of a far-right group’s anti-Muslim videos. Earlier on Jan. 25, U.S. Treasury Secretary Steven Mnuchin said the U.S. stands ready to negotiate an “attractive” trade deal with Britain once it leaves the European Union.