Last week’s lifting of tariffs on lobster brought a particularly nasty chapter in Australia-China trade relations to a close. But zooming out paints a more sobering picture of global trade.
Articles on Multilateral trade
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Trump’s embrace of bilateralism in trade relations has pernicious long-term consequences, including ratcheting up the odds of violent conflict.
The president again threatened to drop out of the World Trade Organization if it doesn’t ‘shape up.’ But a careful review of case filings show the US isn’t treated any differently than its other members.
The United States is blocking new judges to the body that interprets and enforces global trade rules. Australia should start preparing for the end of the World Trade Organisation system.
Top contributors
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Lecturer of international trade law, Monash Business School, Monash University
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Global Fellow at the Wahba Institute for Strategic Competition, Associate Professor at the University of Arizona, University of Arizona
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Associate Professor of Political Science, Georgia State University
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Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, Adelaide University