Comment: Trump’s bilateral approach to trade has caused great harm to US

Far from reducing the barriers faced by American exports, as he had promised, the president has managed to increase them almost across the board

22nd September, 2020
Comment: Trump’s bilateral approach to trade has caused great harm to US
Donald Trump, the US president: bilateral and overall trade deficits have worsened under his administration. Photo: Getty

Since World War II, the global economy has performed beyond the wildest dreams of its post-war architects, yielding gains in health, education, living standards, poverty reduction and wealth. Central to this success was the growth and liberalisation of international trade, which was made possible with US leadership in the creation and stewardship of an open multilateral trading system.

That system – enshrined first through the General Agreement on Tariffs and Trade (GATT) and then in...

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