Commentary Free trade is getting a bad name. It used to be that economists and experts almost universally approved of unfettered international trade, free of distortion from subsidies and tariffs. Now, that gospel is questioned because of the Chinese regime’s unethical trade practices, including dumping products at below market prices and widespread technology theft, along with territorial aggression against neighbors, and genocide against the Uyghurs. President Biden’s maintenance of Trump tariffs against China blew the free trade consensus wide open. Counter-subsidies and tariffs to protect and incentivize U.S. and allied strategic industries and national champions are on the rise globally. Export controls on sensitive technologies are being imposed with more severity. One way to fix the problem for all countries other than China, would, ironically, be through a more targeted and fuller economic decoupling from the Middle Kingdom, including by excluding it from the World Trade Organization (WTO). Exclusion of …
Ban China From the WTO
June 22, 2021
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Ban Chinaflouting global trade rulesfree tradeOpinionThinking About ChinaViewpointsWorld Trade Organization (WTO)
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