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> There is no western trade alliance because Trump is challenging the multi-lateral trade institutions such as the WTO which the US created. The WTO is ineffec
by 394549 8y ago
> There is no western trade alliance because Trump is challenging the multi-lateral trade institutions such as the WTO which the US created.
The WTO is ineffective and broken. Based on prior precedent, if the US raised objections to the "China 2025" policy, the adjudication of the dispute will probably be finish sometime around 2030. In the past, the Chinese government has typically ignored adverse WTO rulings or dragged its feet until they were moot. IIRC, after all off that, only then will the WTO sanction tariffs. It's basically the definition of too little, too late.
https://news.ycombinator.com/item?id=17403673#17408876 https://news.ycombinator.com/item?id=17403673#17408876