Work

Plurilateral cooperation in response to aggressive unilateralism?

Year: 2025

Type: article

Abstract: The international trade order is under unprecedented pressure as a result of the unilateral decision by the Trump administration to increase U.S. tariffs by an order of magnitude to 15- 20 percent or higher on imports from most countries. This paper reflects on where the global trading system may be heading given recent events, focusing on potential responses by U.S. trading partners, distinguishing between revitalization of multilateral trade cooperation in the WTO, expansion and deepening of preferential trade agreements and issue- or domain-specific plurilateral agreements among groups of economies.

Source: Asia and the Global Economy

DOI: 10.1016/j.aglobe.2025.100114

Author: Bernard Hoekman

Institutions: University of Sussex, Centre for Economic Policy Research, European University Institute

Language: English

Topic: World Trade Organization Law

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $1,500

Funder: European Research Council