Zerohedge;

Axios certainly has the best intro to today’s bombshell development: “Internationalists have always dreamed of a court with jurisdiction over all the countries of the world. In 1995, the World Trade Organization was created — allowing the world’s countries to press claims against one another for the first time.”
 
But it won’t survive the Trump presidency as on Tuesday his administration has effectively brought it to an end, neutering its ability to intervene in trade wars, having blocked all new appointments to its dispute-resolution court.

More:

The WTO must act on the concerns surrounding China, which has seen its economy boom since it became a member in 2001. Beijing has for long hoodwinked the WTO members with its market-distorting state-driven capitalism. The trade body must also reform its classification method that allows countries such as China — the world’s second-largest economy — and Singapore to enjoy concessions by classifying themselves as “developing countries.”

h/t Watcher