Trump Cripples W.T.O. as Trade War Rages - News Summed Up

Trump Cripples W.T.O. as Trade War Rages


WASHINGTON — The United States has spent two years chipping away at the World Trade Organization, criticizing it as unfair, starving it of personnel and disregarding its authority, as President Trump seeks to upend the global trade system. Over the past two years, Washington has blocked the W.T.O. from appointing new members to a crucial panel that hears appeals in trade disputes. With the administration blocking any new replacements, there will be no official resolution for many international trade disputes. The loss of the world’s primary trade referee could turn the typically deliberate process of resolving international disputes into a free-for-all, paving the way for an outbreak of tit-for-tat tariff wars.


Source: International New York Times December 08, 2019 21:22 UTC



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