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The US’ new tariff regime is a complete repudiation of the Most Favoured Nation (MFN) principle, one of the cornerstones of the World Trade Organisation’s (WTO) multilateral trading system ...
China firmly opposes unilateral tariff policies, not only to safeguard its own legitimate interests but also to protect the multilateral system and defend the global trading system, setting an ...
In their conversation, Newman asks about what’s needed beyond tariffs to fix the global trading system in the United States. Lovely breaks down the various sectors where the country struggles ...
It is clear the global trading system is broken. But the use of tariffs as a first, second and last resort won’t fix it. What would is a new set of trade rules that fit the realities of the ...
The result is a global trading system in which, to their collective detriment, countries compete by keeping wages down. The tariff regime Trump announced earlier this month is unlikely to solve this ...