Want to create an interactive transcript for this episode?
Podcast: Parley by The Hindu
Episode: Is the World Trade Organization still relevant?
Description: United States President Donald Trump’s ‘reciprocal tariffs’ have been compared to the Smoot-Hawley tariffs of the 1930s, which many say hastened the slide into the Great Depression. The difference between the 1930s and now is that we have the World Trade Organization (WTO) to oversee and enforce global trade rules. However, some argue that over the years, the WTO has gradually lost its compass and is in need of massive reforms. Is the WTO still relevant? Here we discuss the question.Guests: Mohan Kumar, Professor of Diplomatic Practice at the Jindal School...