A stress test for global trade
The WTO core still holds, but members must use this crisis to push reform
The WTO core still holds, but members must use this crisis to push reform

We must question whether the ‘most favoured nation’ principle remains fit for purpose

Trump’s tariff war brings with it unpredictability and a consequent loss of confidence

Decision comes after eight-month stand-off as US reviewed payments to international institutions

Talk of replacing the US as anchor of the multilateral system has come to little

Damage caused by US tariffs has so far been muted but that won’t last

Ministers are struggling to thrash out reforms at the global body that has been buffeted by Trump’s tariffs