Navigating Global Trade Challenges and the Role of the WTO

This chapter explores the impact of the Biden Administration's tariff expansion on Chinese electric vehicles and other products, discussing potential repercussions on global trade and GDP. It delves into criticisms of the WTO's dispute resolution process, advocates for needed reforms, and emphasizes the importance of adhering to WTO rules. The chapter also addresses evolving trade perceptions post-financial crisis and pandemic, advocating for supply chain diversification and a reimagined globalization for inclusive growth.