Abstract Following President Trump’s assumption of office at the start of the year, he introduced a series of tariff measures. These unilateral trade actions, especially the reciprocal tariffs, could have profound and far-reaching consequences, potentially undermining the very foundations of the multilateral trading system. This is due to their direct challenge to the Most-Favoured-Nation (MFN) principle, a cornerstone of the World Trade Organization (WTO). Additionally, the unilateral trade measures imposed by the USA have triggered follow-up actions from other nations, resulting in reciprocal countermeasures. It is critical to determine how to respond to reciprocal tariffs in a manner that preserves the integrity of the multilateral trading system. Special attention must be given to the creation of a complex network of bilateral agreements, formed through bilateral consultations after the implementation of US reciprocal tariffs, which may indirectly weaken the multilateral framework.
Ma et al. (Wed,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: