Nearly 40 nations are hatching a plan to save the World Trade Organization or, if it can’t be salvaged, to build a new order.
LONDON — The middle powers that Canada’s Mark Carney rallied in Davos will face a test this week against the “rupture” in global trade opened by U.S. President Donald Trump.
The nearly 40 nations in the EU and Indo-Pacific CPTPP trade blocs are on a quest to save the World Trade Organization at a pivotal meeting in the African nation of Cameroon.
Six years ago, Trump crippled the global trade body’s dispute court. His administration is now pressuring members to change the WTO’s core principles to get tough on China as the White House’s tariffs openly flout the rules, damaging global trade.
