Trade Wars, or the war on trade
In cooperation with the Faculty of Law
‘Trade wars are good, and easy to win’, the president of the United States claimed, before announcing import tariffs on steel and aluminum. As stock exchanges slipped, fear for a global trade war set in. Although there are international legal rules governing these disputes, it would seem this system itself might be in peril.
Even trade wars have to abide by the international laws of economic warfare. The WTO sketches the limits of what states can and cannot do. Yet, in recent years the WTO-framework has come under attack. One point of criticism is that free trade and globalization have led to undesirable results: ‘unfair trade’ would hurt the American steelworkers and protectionism may seem a reasonable solution to such situations. Secondly, the WTO itself is becoming more and more a ‘paper tiger’: the WTO dispute settlement mechanism is in danger of becoming hamstrung, whereas excessive long procedures have led to trade deals outside the WTO. Are we witnessing the end of the international legal economic cadre? Are trade wars a way to deal with problems arising from free trade? And what can be expected if tensions continue to grow? Our panelists shall engage with these issues and there will be room for debate.
You can sign up for this program for free. If you subscribe for the program we count on your presence. If you are unable to attend, please let us know via firstname.lastname@example.org | T: +31 (0)20 525 8142.
Spui 25-27 | 1012 WX AmsterdamGa naar detailpagina
+31 (0)20 525 8142