Trade Cases
July 31, 2018
World Trading System in Crisis: Is the WTO Broken?
Written by Sandy Williams
Will the World Trade Organization survive the current tumultuous trade environment where protectionism is supplanting cooperation? Some ambassadors to the WTO say that reform must happen soon or the multilateral system will collapse.
“The world trading system is broken. The WTO is broken. There’s no reciprocity left,” said White House chief economic advisor Larry Kudlow during an interview by CNBC. “China’s the worst offender, but not the only one around the world. Mr. Trump is trying to fix trading malpractice that goes back several decades.”
