The framework for conducting global trade isn’t working. Time for a reset.
The global trade system is something of a mess today. Stiff tariffs are imposed on exporting nations for perceived violations of fair-trade rules, but it’s U.S. importers who feel the pain, in the form of higher product costs, and exporters who are shut out of global markets due to retaliatory actions. And the World Trade Organization has lost its ability to fairly resolve disputes. What’s the solution? A new report from the Center for Strategic and International Studies proposes an entirely new global trade framework, one that’s intended to revive the rules-based trading system. On this episode, we speak with one of the report’s authors, Scott Miller, a senior adviser to CSIS. He explains the kind of bold action and leadership from the U.S. that’s needed to address deep flaws in the global trading system, while meeting the unique challenges of the 21st century. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
The CSIS report, “Toward a New Global Trade Framework.”
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