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The World Trade Organistion, once seen as a pillar of fair global trade, is now struggling with dysfunction, outdated rules, and eroding legitimacy, partly due to member countries exploiting self-declared developing status leading to slower and less ambitious tariff reductions. And all of these practices precede Trump’s first term in office. In this commentary published in the Financial Times, Hector Torres explains why credit for all global trade chaos should not be directed to Trump. .
"A good start would be to acknowledge that the failure to manage the transition from declining industries compassionately and effectively helped create the very …
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