Phil Levy and Chad P. Bown (PIIE)
via Foreign Policy
Calls in Congress for the United States to drop out of the World Trade Organization (WTO) are getting louder, echoing threats by President Donald Trump. But contrary to what the critics say, the WTO has not failed or fallen short in protecting US interests. Multilateralism on trade is not dead—it is the only way to make progress on trade. The United States would be far worse off outside the WTO than by seeking reforms within it.
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