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Why the global trading system is about to grind to a halt

The WTO is breaking down and if there's no US-China trade deal in the next two weeks, there may not be one until after America's 2020 presidential elections.

Jacob Greber
Jacob GreberSenior correspondent

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Washington | In less than a week, a key piece of the global trading system that has helped undergird the staggering prosperity and poverty-alleviation of the past quarter-century will grind to an ignominious halt.

America's refusal under the Trump administration to approve of new appointments to the World Trade Organisation's powerful appellate body has been a few years in the making.

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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p53heu