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2020 look ahead: Trade turbulence will continue, worsened by Trump

World Trade Organization is unraveling and US growing even more protectionist

| North America
The benefits of whatever Trump brings home are likely to be modest relative to the extent of the harm.   © Reuters

If trade felt turbulent in 2019, the coming year promises even more disruption with a few important silver linings.

The 2020 trade challenges start with an unraveling World Trade Organization. The so-called crown jewel of the trade system, its dispute settlement system, has ceased to function properly because the court did not have enough judges to hear cases. Member governments will be unable to resolve disagreements between themselves over trade rules unless they resort to novel solutions.

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