The Trump administration sent shockwaves through the world of trade yesterday when the Financial Times reported that it was looking for ways to bypass the World Trade Organization, the 22-year-old oversight body that adjudicates trade disputes, and which Trump has called a “disaster.”
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“That is a fairly elastic standard,” said Nate Olson, the director of the Trade21 program at the Stimson Center, “but if the president certifies that that criteria has been met, it gives him a number of remedial steps like blocking assets and commerce from a particular country.”
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