C-FARE Webinar Sept. 20, 2019 — Changes in the Multilateral Trading System: Impacts to U.S. Agriculture
Moderator:
Presenters:
The World Trade Organization (WTO) has been a very successful system for the governance of international trade, progressively lowering tariffs and stimulating trade growth. Despite the fact that the United States played a significant role in establishing the WTO, as well as historically driving multiple rounds of trade negotiations, its current trade policy will notably change the global agricultural trading system. Unilateral implementation of tariffs by the United States has resulted in extensive international retaliation by competitors. Such countermeasures have targeted key U.S. agricultural exports such as soybeans, corn, wheat and processed pork. Future changes to U.S. trade policy, therefore, will impact U.S. agriculture in export markets, opportunities for U.S. competitors, and WTO dispute resolution.