A fraying system -In global trade, power increasingly trumps rules economist.com/special-report…
"Over the past few years, even as China has defied the spirit, if not the letter, of the WTO’s rules, America has also broken the organisation’s dispute-settlement mechanism, brandished tariffs against allies and imposed trade restrictions for national security."
"There is a perception that European-minded lawyers in Geneva read more into rules than America wishes, and have been too eager to constrain its use of defensive trade remedies. “It’s not going to be a quick fix,” comments a ustr official."
"Many would prefer America to repair the WTO’s dispute-settlement system. Mr Moon says the wto is “one of the greatest inventions of the human race, but we are destroying it.”
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