‘Trump has killed the WTO; mounted a challenge to rule-based international trading’: Former FM Yashwant Sinha

News Snapshot:

US President Donald Trump has sparked off a global trade war by raising tariff walls on imports. While we are in the middle of a 90-day pause on the implementation of reciprocal tariffs where other countries are concerned — except a universal 10 per cent import duty rate — the US has imposed up to 245 per cent tariff on China with immediate effect. The latter retaliated by imposing 125 per cent tariff on US imports. Trump’s decision to replace a rule-based global trading regime that was put in place with the setting up of the World Trade Organization by...