The Indicator from Planet Money Why there's no referee for the trade war
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Mar 19, 2025 The podcast explores the waning role of the World Trade Organization as a mediator in global trade. It delves into the historical shift in U.S. attitudes towards the WTO, particularly during and after the Obama administration. With the U.S. blocking appointments, many trade disputes now linger unresolved. The discussion also highlights emerging trade agreements, reflecting a shift towards regionalism, while addressing how this affects global cooperation and transparency in trade.
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U.S. Loss at WTO
- The U.S. lost a WTO case against the EU regarding aerospace manufacturing subsidies.
- Washington state had to end preferential tax rates as a result.
U.S. and WTO Sovereignty
- The U.S. initially ceded some sovereignty to the WTO for its own perceived benefit.
- However, it later became dissatisfied, partly due to China's economic rise and trade practices.
U.S. Blocking Appointments
- The U.S. began blocking WTO appellate body appointments during the Obama administration.
- This was due to concerns about the panel's interpretation of rules and impact on American businesses.