With the WTO under stress and grappling with a global economy that has evolved past global trade rules negotiated in the 90's, some countries have proposed reforms and updates to the WTO. This database organizes and summarizes those proposals.
Despite the invaluable role the World Trade Organization (WTO) has played in the global economy, it faces potentially fatal pressure from within and outside the organization. Here are three scenarios that could play out in the coming years.
_From time to time, CSIS Scholl Chair in International Business will be providing news updates about the World Trade Organization. This update centers on ongoing e-commerce and fisheries negotiations, Information Technology Agreement compliance, and trade disputes._
The trading relationship between the United Kingdom and European Union is deep, complex, and large, but that does not mean that the Brexit process and outcome will have no impact on its strength.
While President Trump withdrew the United States from the Trans-Pacific Partnership (TPP) in his first week in office, the 11 remaining members of the agreement have stormed forward.
The trade policy of the United States is determined at the federal level in Washington, DC, but it’s the 50 states that either reap its rewards or bear its costs. Explore each state's trade relationship with Canada, Mexico, the European Union, and China through this interactive map.
The United States has consistently run a trade in goods deficit for decades, but over time has grown a formidable trade in services surplus. How are services traded and how important are they to the U.S. economy?
The United States is swimming in natural gas, and China has a huge appetite for the relatively clean and efficient fuel to power its economy as it shifts away from coal. That dynamic led to growing U.S. liquefied natural gas exports to China over the past two years, but the trade war has thrown further growth into doubt.
Outside of the new U.S.-Mexico-Canada Agreement (USMCA) to replace the North America Free Trade Agreement, the Trump administration negotiated caps on the amount of autos Mexico and Canada can send to the United States before facing potential Section national security 232 tariffs.
The Trump administration has opened a new chapter in its trade war with China.
Seaports are a fundamental part of global trade. In 2017, seaports in the United States handled roughly 42 percent of all trade in goods, worth a total of $1.6 trillion. Ports generate jobs, enable exporters to reach markets overseas, and give consumers access to competitive foreign goods.
President Trump has made it a priority to pry open Canada’s managed dairy market in order to boost U.S. exports of milk, eggs, butter, cheese, and other products north across the border. In response, Canadian Prime Minister Justin Trudeau has pledged to protect the Canadian dairy industry.
The Trump administration announced that it had reached a bilateral trade agreement in principle Mexico and pledged to move forward with it regardless of whether Canada joins, potentially upending commercial relations with its top trading partner. What would a trade deal without Canada look like by the numbers?
Increased imports of autos and auto parts doesn't actually correlate to a decline in U.S. auto manufacturing jobs or auto dealership jobs. In fact, over the past decade, U.S. jobs in both of those parts of the auto sector have grown while imports of autos and auto parts have expanded.
How much trade between the U.S. and Turkey has been impacted by the Trump administration's tariffs and Turkey's retaliation?
President Trump in March announced that his administration would impose tariffs on Chinese imports of that value. So far, China has responded with tariffs on an equivalent amount of U.S. goods. But the U.S.-China trade balance has made it impossible for China to keep up the tit-for-tat tariff exchange.