Shipping containers are loaded onto a ship at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California, U.S., January 30, 2019. REUTERS/Mike Blake
Image Source: 
REUTERS/Mike Blake

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.

The Peterson Institute for International Economics building is closed to staff and visitors until further notice. All PIIE personnel are working remotely, with access to telephone messages.

Photo Credit: 
REUTERS/Mike Blake