Tuesday, December 10, 2019

World Trade Organization Appeals Court Has Been Shut Down By The U.S.

Reuters: U.S. trade offensive takes out WTO as global arbiter

BRUSSELS (Reuters) - U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body.

Two years after starting to block appointments, the United States will finally paralyze the WTO’s Appellate Body, which acts as the supreme court for international trade, as two of three members exit and leave it unable to issue rulings.

Major trade disputes, including the U.S. conflict with China and metal tariffs imposed by U.S. President Donald Trump, will not be resolved by the global trade arbiter.

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More News On The World Trade Organization Appeals Court Being Shut Down By The U.S.

World trade without rules? US shuts down WTO appeals court -- AP
WTO chief: 'Months' needed to fix disputes body -- BBC
Japan calls for prompt solution to restore WTO appellate body -- Reuters
WTO: China blames US as appeal court comes to a halt, sparking new fears for global trading system -- SCMP
World Trade Organization in trouble: What you need to know -- DW
Baby GATT Back: The End Of The World Trade Organization? -- Zero Hedge

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