A serious economic recession and the collapse of the WTO appeals body would be the worst case scenario from current US trade policy and a move away from multilateralism, according to Australia’s leading international jurist, judge James Crawford.
Speaking to AFR Weekend,
Mr Crawford, who is a judge on the International Court of Justice, said the Trump administration was “challenging the whole post-1945 system as put together by the United States”.
Last month, the US placed a 25 per cent tariff on $US34 billion of Chinese goods, prompting China to respond in kind. It also previewed a further $US200 billion of Chinese goods it wanted to hit with a 10 per cent tariff.
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