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The Fate of the World Trade Organization in the Age of Trump

RESEARCH Policy Brief by Phil Levy and Alexander Hitch
A flag with the letters WTO OMC waves in front of the World Trade Organization headquarters.
WTO

There are several reasons to hope, but more reasons for concern now that the World Trade Organization is teetering due to the Trump administration’s multiple attacks.

Key Findings

The World Trade Organization (WTO) is teetering. The Trump Administration has attacked it repeatedly, blocked moves to restock its judicial panels, and looked skeptically on its multilateral decision-making process. For an organization that embodied the results of decades of trade liberalization and emerged triumphantly in the mid-1990s, this has been a remarkable fall from grace.

In this brief, we ask why the WTO is worth saving, consider the complaints lodged against it, and suggest what would be required for a serious rescue attempt. There are several reasons to hope, but more reasons for concern.

About the Authors
Phil Levy
Lead Trade Economist, World Bank
Photo of Phil Levy
Phil Levy is lead trade economist at the World Bank and a former senior fellow on the global economy at the Chicago Council. Previously, he served as chief economist at Flexport, where he received national recognition for his work on supply chains, consumption, and trade.
Photo of Phil Levy
Alexander Hitch
Former Research Associate
Council expert Alexander Hitch
Alexander Hitch is a former research associate for the Global Cities team at the Chicago Council on Global Affairs, with expertise in the global economy. In this role, he coordinated various research at the Council, focusing primarily on global economic and trade policy.
Council expert Alexander Hitch