In a slight change of subject for me, I read this Economist story with interest:
Nine years ago, members of the World Trade Organisation agreed not to take each other to court over farm subsidies. But the “peace clause”, as this agreement is known, expired on December 31st. Will its end mean the beginning of a trade war?
Trade has rules. It looks like the rules will now be enforced. Will the economies stand up to the WTO’s punishments and procedures?
9:35:03 AM
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