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World trade at risk: Trump's drive for reciprocity will undermine trade

Without the MFN principle, investigation into rules of origin might have to be applied to every single shipment

Trade, Port, Container
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(Photo: Shutterstock)

Business Standard Editorial Comment Mumbai

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United States (US) President Donald Trump had made no secret on his campaign trail of his intent to reshape trade policy by sharply raising tariff walls. Concern that the US has received a raw deal when it comes to the traditional trade architecture has in fact been a long-standing belief with Mr Trump and he is once again in a position to impose his views on the world. In his last term, he was satisfied with hamstringing the World Trade Organization’s dispute-settlement structure and renegotiating the North American Free Trade Agreement (Nafta) while also taking the US out of the