WTO

US declaration of world trade war tests resolve of WTO members

Director-general of the multilateral institution says challenge could be beneficial, but others warn of looming ‘chaos’

The World Trade Organization is one of those multilateral institutions that US President Donald Trump’s administration loathes so much that it has suspended its financial support.

But the president’s unilateral declaration of trade war on the world could give it a new lease of life, argues the WTO’s director-general Ngozi Okonjo-Iweala.

She says US behaviour — applying and lifting tariffs at will — has reminded the other 165 members of the importance of its rules-based system. 

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