Josh Hawley’s New Smoot-Hawley

Since the end of World War II, the United States has exerted outsized influence to shape the rules of global commerce. Recognizing the economic and strategic benefits of a rules-based trading system, every president from Harry Truman to Barack Obama supported U.S. leadership and engagement with the World Trade Organization (WTO) and its predecessor institution. Though imperfect, this system has paid enormous dividends for the United States.

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