Global Trade Faces Crisis as World Trade Organization Falters
World trade is facing challenges, including concerns about the environment, fairness, morality, security, and geopolitics. The World Trade Organization (WTO) is struggling, with key positions vacant and lack of progress in meetings. International solutions to global problems are not keeping pace with the growing issues. The Paris Agreement on Climate Change lacks agreed commitments, leading to calls for carbon taxes on imported products. The term "tradeclimate" is introduced to address environmental issues related to cross-border trade. The trade war between China and the United States is affecting the WTO, but the organization should not try to change China's policies alone. Cooperation with China is crucial for improving policies in the WTO, the Paris Agreement, and the World Health Organization.