Senator Josh Hawley has a NY Times op‐ed today entitled “The W.T.O. Should Be Abolished.” Debates about the scope and nature of the World Trade Organization and the trading system in general are important, but this op‐ed gets so many facts wrong that it cannot serve as the basis for a useful discussion.
Every country needs to have a plan for ensuring that it can get medical equipment when it needs it. But it’s costly and risky to seek self‐sufficiency in this production, and it’s better for everyone to maintain a cooperative international approach to making these products.
Market‐sharing managed trade arrangements are a bad way to approach trade agreements, but even putting that aside, there is still the question of whether they work. It will be interesting to see how the U.S. strategy is effective here.