The US-controlled "rules-based order " in trade that is run for the benefit of the US is running into headwinds. End of the WTO in sight?
Global South — Daily Chronicles
A riot is brewing. 127 countries have filed a protest to the WTO against the United States
amarynth
Global South — Daily Chronicles
A riot is brewing. 127 countries have filed a protest to the WTO against the United States
amarynth
Probably getting cut off from their endless supply of USDs by exploiting their native populations…
ReplyDeleteUSD Zombie freak out..,,
Am I missing something? Filing a protest* with the WTO against the US is like asking OJ to find the real killers.
ReplyDelete*Also, such "protests" have about as much impact as a Change.org "petition.
Petition might be a better descriptor.
ReplyDelete“ Therefore, many countries are now looking at bilateral free trade agreements as a real alternative to the WTO in the international trade system.”
ReplyDeleteThis is the preferred MAGA/Trump policy..,,
The USMCA is a trilateral agreement.
ReplyDeleteM & CA are like the 51st and 52nd states…
ReplyDeleteYou can call us Gomer & Pyle USMC
ReplyDeleteFighting inflation at the expense of the people | Western banks increase interest rates - RT
ReplyDeletehttps://rumble.com/v23jx6q-fighting-inflation-at-the-expense-of-the-people-western-banks-increase-inte.html
^ may induce brain aneurysm for those familiar with MMT.
ReplyDeleteWhat a load of nonsense
ReplyDeleteBilateral trade agreements are fine with the WTO (See RTAs).
You are free to ignore WTO decisions but it means the other party can retaliate.
It's about time people realised most favoured nation status really means least favoured nation status as RTAs are all over the place.
Trump and the US before him had the hump with the WTO as it wouldn't defend the 'US controlled rulee based order'
ReplyDeleteWhen tariffs are practically zero anyway RTAs do more. Its about conformity and regulations
ReplyDeleteDo try to get into the 21st century as we haven't cared about tariffs for that long.