Rescue Trade

May 4, 2020

As discussion turns to how business resumes, policymakers need to watch the global economy. Developments, or lack thereof, in the global economy point to another level of vulnerability that could prolong the new recession. 

It is critical at this moment that the United States and its trading partners come together to reduce tariff and other economic barriers and strengthen global cooperation to keep trade flowing. Bilateral and regional trade negotiations should be approached from a new perspective, and focused efforts should be made to reform and strengthen — not undermine — the WTO.