… what replaces it will be even worse. That’s the (slightly premature) headline for my recent article in The Conversation.

The headline will become operative in December, if as expected, the Trump Administration maintains its refusal to nominate new judges to the WTO appellate panel. That will render the WTO unable to take on new cases, and bring about an effective return to the General Agreement on Trade and Tariffs (GATT) which preceded the WTO.

An interesting sidelight is that Brexit No-Dealers have been keen on the merits of trading “on WTO terms”, but those terms will probably be unenforceable by the time No Deal happens (if it does).