The world in 2030: Twenty-somethings will define the 2020s

Twenty-Somethings will define the world in 2030. All other generations would be wise to follow the advice of surrealist artist Salvador Dalí: “The problem with today’s youth is not being a part of it anymore.” 

Thanks to Twenty-Somethings, across the next decade, international trade will be managed for social justice, Islamist extremism will be moribund, liberal arts will flourish again, and and ecological sins will be repented. To those today to whom “O.K., Boomer” is rightly said, the world in 2030 will look surreal.

The markets have spoken: Phase one trade deal between the U.S. and China is ‘no victory’

From Shanghai to London, stocks rallied on Friday morning as a "Phase One" trade deal was reached between China and the Trump Administration—that is, until the details were announced.

By noon in New York, the major indices still trading were swooning, with the S&P 500 and Dow Jones Industrial Average in negative territory, ceding big early gains.

What happened?

Trade law expert says WTO Appellate Body impasse 'major setback' to multilateral trade

KANSAS CITY, Dec. 11 (Xinhua) -- It's "tragic" to see the World Trade Organization (WTO) Appellate Body be "asphyxiated" by the United States, said a law professor and an international trade expert, who calls the current state of the body a step back for the multilateral trading system.

"When you remove a pillar of adjudication that stands for equal justice and that provides a level playing field, you introduce more political power elements into dispute resolution," Raj Bhala, Brenneisen distinguished professor at University of Kansas Law School, told Xinhua Tuesday.

U.S. House delegation from Kansas backs trade pact with Mexico, Canada

Bipartisan support emerged among U.S. House members from Kansas on Wednesday for passage of an updated trade agreement with Canada and Mexico that holds significance for the state’s agriculture and manufacturing interests.

The deal yet to be voted on by the House and Senate in Washington, D.C., would replace the North American Free Trade Agreement denounced by President Donald Trump with USMCA, or United States-Mexico-Canada Agreement. The pact contains stronger protection for workers and provisions tied to environmental issues and pharmaceutical trade.

The death of the Supreme Court of International Trade

Thanks to America, and to the detriment of India and the world, the end of the World Trade Organization Appellate Body is nigh. This de facto Supreme Court of international trade will breathe its last breath on Dec. 10, 2019. Why should its demise matter? How should its judges interpret disputed terms in a WTO treaty? These two seemingly unrelated questions are directly linked.

#BQDebates: Was India right to quit RCEP?

On Monday, Prime Minister Narendra Modi announced in Bangkok that India will not join the Regional Comprehensive Economic Partnership deal, as negotiations failed to address New Delhi’s “outstanding issues and concerns”. As many as 16 countries — the 10-nation bloc ASEAN and its six trading partners, including India — were negotiating the mega free-trade RCEP pact. Global trade and domestic policy experts interpret what this means for India going forward, and whether this was an opportunity missed to cementing India’s position as a nation that is open to cross-border business.

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