In some parts of the world, not least America’s capital, “trade” is a dirty word. Both Donald Trump and Joe Biden now champion protectionism, and neither president signed a single new trade deal. The World Trade Organisation (WTO) is a shell of its former self. So you might think that trade deals are history—but in fact, from South Asia to Latin America, dealmaking continues apace.
Rumours of the trade deal’s death are greatly exaggerated
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