Macron Solution French President Emmanuel Macron correctly reacted to the U.S. imposition of tariffs on steel and aluminum by calling for an overhaul of the WTO. French Finance Minister Bruno Le Maire said that “everyone agrees that the WTO needs to be reformed.” Neither, though, offered a means to get there. Zhang Jun, director of the China Center for Economic Studies, notes that “Trump’s policies are the culmination of a decade of U.S. trade frustration.” He lauds his own country’s reaction, which is to unilaterally offer to open up its own market. India provides a case in point of why the trading rules are flawed. New Delhi wanted to protect its own electronics industry by raising the import tariff...

TAGS – China, Europe, India, North America