The Fate of the World Trade Organization in the Age of Trump
There are several reasons to hope, but more reasons for concern now that the World Trade Organization is teetering due to the Trump administration’s multiple attacks.
The World Trade Organization (WTO) is teetering. The Trump Administration has attacked it repeatedly, blocked moves to restock its judicial panels, and looked skeptically on its multilateral decision-making process. For an organization that embodied the results of decades of trade liberalization and emerged triumphantly in the mid-1990s, this has been a remarkable fall from grace.
In this brief, we ask why the WTO is worth saving, consider the complaints lodged against it, and suggest what would be required for a serious rescue attempt. There are several reasons to hope, but more reasons for concern.