Europe Tries to Avoid Crisis as U.S.-China Trade War Grows
- Nations deliberate trade reforms aimed at averting WTO crisis
- Nearly 10 high-level trade meetings planned in the next year
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In the shadow of an escalating trade war, momentum is picking up to protect the World Trade Organization from turning irrelevant.
The European Union will host trade ministers from the U.S. and Japan next month in Brussels, according to two officials with knowledge of the meeting. The gathering will be part of an effort to address China’s trade practices in a way that doesn’t marginalize the WTO, said the officials, who asked not to be identified because preparations are private. The meeting will precede about 10 high-level confabs around the globe over the next year aimed at calming trade tensions.