Optimizing that US trading policies can lead to lower global tariffs has been lost. The WTO under Trump introduces a broader crisis for multilateralism. Countries will face challenges of lowering tariff rates provided by WTO MFN requirements. FTA negotiations and implementations can take years, expanding the period of uncertainty, standard charter economists Madhur Jha and Philippe Dauba-Pantanacce note.
From multilateral to bilateral
“Clients are increasingly asking if US trading policies can benefit from global trade by lowering tariff levels throughout the circle. We think such a co -optimization is not damaged; greatly doubts, if not opposed to, the concept of multilateralism.
“The desire to avoid sanctions on US tariffs are likely to see country partners try to lower tariff levels for the US. However, WTO membership suggests that these lower tariffs should also expand to other WTO trading partners on a most favored-nation-nation (MFN). Other factors.
