WTO's Azevedo Wonders if U.S.-China Trade Talks Are 'Going Far'

The video discusses the potential for trade agreements amidst US-China tensions, highlighting the role of the WTO in mediating these issues. It covers US demands for WTO reforms to address disruptive trade practices and the challenges faced by the WTO appellate body due to US influence. The potential impacts of a prolonged US-China trade war on global trade and GDP are also analyzed, emphasizing the need for cooperation over confrontation.

What is the significance of the trade deal between the US, Mexico, and Canada?

• It excludes China from global trade.

• It eliminates the need for WTO reforms.

• It guarantees the end of all trade tensions.

• It shows the possibility of reaching agreements.

What role does the WTO play in mediating trade tensions?

• It imposes trade sanctions on non-compliant countries.

• It directly negotiates trade deals between countries.

• It replaces bilateral conversations with multilateral ones.

• It acts as a platform for global leaders to discuss solutions.

Why has the US been blocking the appointment of appellate body judges?

• To force WTO reforms addressing disruptive trade practices.

• To increase the number of judges to ten.

• To eliminate the appellate body entirely.

• To ensure only US judges are appointed.

What is the potential impact of a prolonged trade war between the US and China?

• A significant decrease in global trade and GDP growth.

• No impact on global trade or GDP growth.

• An increase in global trade and economic prosperity.

• A complete halt to all international trade.