T he World Trade Organization, the global trading referee, is grappling with the issue. rejected the American argument that a country’s definition of national security was not subject to review by the group. If it lasts, Japan’s clash with South Korea could add one more pressure point to global growth. South Korea depends on Japan for much of its supply. Additionally, Japan has indicated it may remove South Korea from a list of countries t hat are exempt from licensing requirements for exports with possible military applications.

Source: International New York Times July 15, 2019 09:02 UTC