9/14/2018

G20/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT/WTO: “Trade ministers from the Group of 20 countries said Friday [9-14-18] that there was an ‘urgent’ need to overhaul the World Trade Organization, which President Trump has threatened to withdraw the United States from. The statement by the G20 ministers after a meeting in Argentina was a tacit acknowledgment by world leaders that Mr. Trump’s criticism of the W.T.O. and his tariffs have significantly weakened the international trading system. Just two years earlier, when Barack Obama was still president, the G20 trade ministers, who represent countries including China, Japan and the United States, called on world leaders to further reduce barriers to trade. Diplomats had said they hoped to use the trade ministers meeting in Mar del Plata, a coastal city, to defuse trade tensions — and they claimed a modicum of victory on that score on Friday…What the overhaul will entail, however, remains a mystery. The United States and the European Union agree that the W.T.O. is dysfunctional, but they disagree on what should be done to fix it. The Trump administration has blocked the reappointment of judges to the W.T.O.’s dispute resolution panel, threatening to cripple it.”

Daniel Politi and Jack Ewing, “Trade Ministers Call for W.T.O. Overhaul, but Offer Few Details,” The New York Times online, September 14, 2018