People have started calling Trump's draft bill to abandon world trade rules the 'FART Act'

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• Axios reported on Sunday that the Trump administration has drafted a bill that would abandon America's commitment to the World Trade Organization's rules.
• But it's the acronym of the proposed legislation that has caught the attention of Twitter.
• It is called "United States Fair and Reciprocal Tariff Act," but many are now simply calling it the "FART Act."
• The White House said the draft bill is not "actual legislation that the administration was preparing to rollout."

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Axios reported on Sunday about a "stunning" piece of legislation that has been drafted up by the White House — but it's the acronym of the proposed bill that has caught the attention of Twitter.

The Trump administration has drafted legislation that would empower the president to ignore international trade rules set by the World Trade Organization, Axios said. It would essentially allow President Donald Trump to unilaterally raise tariffs without the approval of Congress.

See the rest of the story at Business Insider

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See Also:

• The Trump administration reportedly drafted a bill to abandon key World Trade Organization rules
• Trump reportedly wants to pull the US out of the WTO, a move that would wreck the international trade system
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SEE ALSO: The Trump administration reportedly drafted a bill to abandon key World Trade Organization rules

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