It's rather pointless for the US to start something new outside of WTO, esp if China is one of the reasons to do so. The proper thing to do would have been to pursue the explusion of China from the WTO. There are already good, strong reasons to do so, and pursuing it would yield far more political and economic ammunition to bring China down to its knees, and bow to the US' / Trump's will.
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Originally Posted by Hehe
From the last developments, it seems that Trump doesn't give a rat ass to even WTO if it doesn't fit its agenda as its member countries aren't doing shit on the China aspect.
It wouldn't surprise me one bit if US announces that it's dropping out of WTO and starts something else entirely. Rumors already float on the market about a new alliance between US, EU and JP to combat the frustration with WTO regarding China. US has the muscle needed to take EU/JP with it and wtf would WTO be if those countries aren't part of it? It would cease to matter.
The world trade is now in an uncharted territory where US is flexing its muscles to bring us closer to the economics theoretical perfect market (where there are 0 market barrier and each country or player concentrate at what they do best). Quite frankly, I wouldn't want Canada to be on the other side of the fence.
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