Chatham House research on international trade and the WTO (World Trade Organization) explores issues related to global governance and international trade policy.
Having played a crucial role in shaping the global trade system since the end of the Second World War, the US under the presidency of Donald Trump will no longer take the lead in pressing for new free-trade agreements and multilateral trade rules.
However, the global trade system, and the US’s role in it, was in trouble before Trump’s victory, as scepticism of free-trade agreements grew, despite a largely positive view of free trade as a concept.
Without the US as its champion, the global trade agenda risks faltering. But there are other potential routes that could have a moderating effect, and an opportunity to address some genuine shortcomings within the current system.