U.S. Trade Representative Jamieson Greer declared on Monday that the World Trade Organization will play only a marginal role in shaping future global trade policy, following a contentious ministerial meeting in Cameroon that ended in deadlock. Greer, a key architect of President Donald Trump's sweeping tariff strategy, voiced strong frustration over what he called a lack of seriousness among WTO member nations in pursuing meaningful reform.
The collapse of talks was largely triggered by Brazil and Turkey, who blocked an extension of a longstanding moratorium on e-commerce tariffs — a provision that had been routinely renewed for nearly three decades. The failure to extend this moratorium marked a significant turning point, signaling deep fractures within the multilateral trade body.
"I have always been skeptical of the value of the WTO, and this week's conference confirmed that this organization will play only a limited role in future global trade policy efforts," Greer stated in an official release issued roughly 24 hours after negotiations broke down.
Rather than pushing for internal WTO reform, Greer indicated Washington intends to pursue trade arrangements directly with like-minded nations outside the organization's framework. He noted that the U.S. has already secured commitments from dozens of countries — including nearly all major trading partners — to refrain from imposing tariffs on American digital transmissions.
Greer emphasized that if the WTO cannot reach agreement on what he described as a commonsense goal, the United States will build alternative coalitions to advance its trade agenda independently. This stance signals a broader U.S. shift away from multilateral institutions and toward bilateral and plurilateral trade diplomacy, potentially reshaping the architecture of international trade for years to come.


Western Allies Push for More Air Defenses for Ukraine at Paris Summit
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage
China Home Prices Fall Again in June Despite Slower Pace of Decline
Reuters/Ipsos Poll: Most Americans Expect U.S.-Iran War to Be Prolonged
UK Sanctions 24 Russian-Linked Targets Over Cyberattacks and Election Interference
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes
Trump Tells Congress Iran Hostilities Restarted, Citing New 60-Day War Powers Window
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy
Israel-Lebanon Talks Resume in Rome as Ceasefire and Troop Withdrawal Remain Elusive
Trump Says U.S. Strikes on Iran Will Continue Until Nuclear Deal Is Reached
Trump ICC Sanctions Challenged as Advocacy Groups File Free Speech Lawsuit
Iranian Missile Strike on UAE Oil Tankers Kills Indian Crew Member in Strait of Hormuz 



