Rumours of the trade deal’s death are greatly exaggerated

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.

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This article appeared in the Finance & economics section of the print edition under the headline “The art of the deal”

From the June 15th 2024 edition

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