The Trade Guys The Fate of the WTO, Useful Data on China Sanctions, and Space Export Controls
Dec 16, 2024
Explore the future of the World Trade Organization and how U.S. presidential changes could reshape its influence. Delve into the dynamics of U.S. sanctions on China, focusing on their historical evolution and impact on global trade. Discover the challenges facing WTO dispute resolutions and the debate over sovereignty in international agreements. Lastly, learn about the implications of relaxing export controls on space technology, promoting innovation and partnership between public and private sectors.
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WTO Withdrawal Threat
- Trump might withdraw the US from the WTO, causing economic devastation.
- Congressional approval might be needed, but Trump might ignore it.
Unlikely Withdrawal
- Scott Miller believes Trump's withdrawal from WTO is unlikely due to economic and foreign policy factors.
- The WTO's effectiveness has diminished, becoming a platform for complaints rather than action.
WTO Disputes and Sovereignty
- Bill Reinsch discusses the history of WTO disputes involving the US, including "zeroing" and public body issues.
- He highlights the US's perspective and the sovereignty argument against international agreements.