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Mr Trump said on Friday that Singapore, China and other rich countries are unfairly taking advantage of their self-declared status as developing countries to gain preferential treatment in the WTO.

“The WTO is BROKEN when the world’s RICHEST countries claim to be developing countries to avoid WTO rules and get special treatment. NO more!!!” he wrote on Twitter. 

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’I’m not thrilled . . . but I’m letting them do what they feel is best’ Stocks fell and the dollar was whipsawed as Wall Street didn’t quite know what to think about Trump’s intrusion into the Fed’s patch.

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