WTO members are asking the U.S. to formally notify the organization of its $12 billion trade aid program to agriculture and explain its details. This is a reasonable request, especially since Washington has made an issue of the failure of other countries to notify. Only one of the three programs announced by USDA would fall under Uruguay Round disciplines, and the amounts were specifically calculated to not exceed WTO obligations. While U.S. agriculture may have incurred $12 billion in damage since the trade war began, Wall Street has surged in value by $768 billion. By contrast, China’s economy, stock market and currency have all been under pressure from the trade war. George Magnus at Oxford University says the trade war has cost C...