The atmosphere today is much darker than it was in April 1994. Any enthusiasm for groundbreaking trade liberalisation deals disappeared decades ago and has been replaced by covert - and often overt - protectionism.
Relations between the US and China are at a low ebb, and likely to get worse. Late last month, China formally opened a WTO case against the US in which Beijing attempted to safeguard its electric vehicle industry, saying Joe Biden's subsidies to promote green manufacturing in America broke global trade rules.
The dispute over Biden's Inflation Reduction Act (IRA) highlights three trends: an ebb tide for globalisation, the increasingly difficult relationship between the world's two biggest economies, and the dysfunctional state of the WTO itself.
There is scant hope that China's case against the US will ever be resolved, because the WTO can no longer settle disputes. Any country on the wrong side of a WTO ruling has the right to go to appeal, but the appellate body needs judges to operate and since late 2019 the US has been blocking any new appointments to the panel.
この記事は The Guardian Weekly の April 12, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Guardian Weekly の April 12, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Moving Back To Moscow: How Dream Of Freedom Unravelled
The army of riot police had finally retreated from Tbilisi's Rustaveli Avenue, the broad thoroughfare in front of the parliament building, back into the barricaded parliamentary estate.
News Of Raisi's Death Met With Fireworks And Few Tears
Activists in Iran have said there is little mood to mourn the death of the president, Ebrahim Raisi, who was killed in a helicopter crash near the border with Azerbaijan on Sunday.
Red Flag? Alito Scandal Casts Doubt On Supreme Court Impartiality
With less than six months to go before America chooses its next president, the US supreme court finds itself in an unenviable position: not only has it been drawn into a volatile election, but swirling ethical scandals have cast doubt on its impartiality.
Infected blood Final report vindicates the families still awaiting justice
\"We have been gaslit for generations,\" was the reaction of Andy Evans, chair of the campaign group Tainted Blood, in response to the final report into the contaminated blood scandal, which was published on Monday.
The race to evacuate Vovchansk's remaining residents
Rescue operations ever more dangerous as fighting reaches Kharkiv townat the centre of Russia’s latest offensive
Alice Munro 1931 -2024
The Nobel prize winner whose masterly accounts of ordinary lives in smalltown Canada elevated the short story into the highest form of literature
Creativity takes root
From Nikide Saint Phalle's Tuscan Tarot Garden to Barbara Hepworth's coastal oasis, artists’ green spaces are about somuch more than plants
Tory war on overseas students is all about saving their own skins
A key turning point in British politics was Tony Blair's famous priorities: \"education, education, education\".
Catalans once longed for freedom, but it doesn't look so appealing now
For the first time since 1980, parties opposing Catalonia's independence from Spain have the support of a majority of voters in the region.
I believe that Ricky's law has saved lives, it has changed lives, restored families'
Ricky Klausmeyer-Garcia’s friends struggled to get him addiction treatment, leading to the creation of alawin his name. Buta year after his death, profound questions remain about how best to help those with substance use disorder in the US.