How Trump Could Win on Fair Trade and Save the WTO: Clive Crook

US economic policy is still, let’s say, lacking in strategic clarity. It continues to oscillate; where it will end up is hard to say. But events have yielded some new information: President Donald Trump is alert to “yippy” financial markets.

This makes it likely that Trump’s approach to trade will shift — perhaps not a little but a lot. Suspend disbelief for a moment. Imagine a reconstructed World Trade Organization, built to the president’s specifications and dedicated to “fair trade.” Could that happen? The odds are against it, but the answer is yes.

Trump has bowed before financial ...