Dismantling the mechanism that resolves international trade disputes diminishes the ability to enforce any bilateral agreements with the Trump administration. Without incentives to adhere to rules, the administration can modify deal terms unilaterally. Trade expert Kristen Hopewell suggests excluding the U.S. from the World Trade Organization (WTO) and restoring the WTO's Appellate Body for global trade. The Trump administration is perceived as reverting to a chaotic trade approach. Threats of tariffs against countries like Brazil exemplify this unpredictability in international trade relationships.
Kristen Hopewell argues that dismantling the mechanism that resolves international trade disputes eliminates enforcement of bilateral trade agreements with the Trump administration, leading to unreliable negotiations.
The Trump administration's approach to international trade resembles a 'law of the jungle,' threatening stability in a post-war commerce system that has fostered global prosperity.
President Trump threatened Brazil with punitive tariffs in reaction to political affiliations, establishing a climate of fear and unpredictability in international trade negotiations.
Hopewell asserts that any agreement made with the Trump administration is 'not worth the paper it's written on,' emphasizing the unreliability of negotiations.
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