The framework of rules for global trade has withstood some fearsome ructions over the past few years. The rise of China, which aroused resentment about job losses across the world; the global financial crisis and the threat of renewed global protectionism; mounting inequality within some rich countries frequently blamed on trade: all have strained the World Trade Organisation’s ability to keep the peace.

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Topics: WORLD TRADE ORGANIZATION (WTO) TRADE PROMOTION AUTHORITY (TPA) PROTECTIONISM

Regions: UNITED STATES

Authors: FINANCIAL TIMES