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Fixing dispute settlement

US refuses to repair the damage it did to WTO

Photo: Bloomberg
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Photo: Bloomberg

Business Standard Editorial Comment Mumbai
The ongoing trade tensions between the United States and several exporting economies, including the People’s Republic of China, should rightly be settled within the multilateral framework that governs world trade. Yet the dispute settlement function of the World Trade Organisation (WTO) is broken, and it is the US that must bear responsibility for it. Over the past months, several countries such as Korea and China have won cases at the WTO against absurd tariffs, mainly enacted by the previous Donald Trump-led US administration. The pretexts for some of these tariffs included national security and even “public morals”. Naturally, the dispute

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