Former WTO head Pascal Lamy still prefers negotiated rebalancing to protectionism, but he now acknowledges that if China will not rebalance, European governments may be forced to implement protectionist tariffs.

Does the @wto have any ability to govern forced joint ventures, @JMSchles asks @WTODGAZEVEDO at #wsjceocouncil#. The head of the WTO says the organization is "not a superbullet for all the concerns that people have," despite the strong trade component to JV issue.

📍Jiangxi Traditional Arts Shine at WTO Fuzhou, Jiangxi took to the stage, presenting the Xuhe High-pitched Tune, a national intangible cultural heritage of China. #OpportunityChina# #CraftedAnew# #MelodyofHarmony# @videochinatv

USTR GREER SAYS THE MEETING HAS NOT CHANGED HIS VIEWS ON THE WTO'S INABILITY TO ADDRESS EXCESS INDUSTRIAL CAPACITY, ADDING THAT THERE IS NOT YET A TIMELINE FOR U.S.-CHINA TARIFF REDUCTIONS UNDER THE BOARD OF TRADE.

Is India about to change its position on plurilateral agreements at the WTO? I would say yes. India’s new WTO submission, “Guiding Principles for Plurilateral Initiatives and Agreements at the WTO,” proposes a set of safeguards to govern plurilateral initiatives. That is a marked departure from its previous approach, which often appeared to be opposition for opposition’s sake. The message of the new paper seems to be: India is prepared to accept plurilateral agreements—provided that adequate safeguards are built in. This also helps explain the intriguing language in last week’s BRICS New Delhi Declaration, which calls on BRICS members to “identify appropriate pathways for plurilateral initiatives into the WTO legal framework,” including on development-oriented issues, and to explore forward-looking WTO rules. Rather than rejecting plurilaterals outright, India now appears to be negotiating the terms on which they can be accommodated within the multilateral system.

An important milestone for the future of money and global trade. I commend the @WTO for shining a light on the emerging role of regulated stablecoins as a medium of exchange for cross-border commerce. A pragmatic view on both their opportunities and risks is welcome. Grateful to Director-General @NOIweala for her personal leadership and interest in this important work. The WTO’s engagement is timely and welcome.

EU TRADE CHIEF SEFCOVIC SAYS HE IS WORKING FOR GREATER COOPERATION WITH THE U.S. AND OTHER ALLIES TO SECURE SUPPLY CHAINS AND PREVENT THE WEAPONIZATION OF CRITICAL MINERALS, ADDING THAT HE IS PUSHING FOR REFORMS TO TACKLE EXCESS INDUSTRIAL CAPACITY IN THE G20 AND WTO FRAMEWORKS

US Manufacturing Jobs. It’s a start. But the job losses from China getting entry to the WTO have been significant! If we are going to run NGDP hot, the Fed needs to accept that supply side growth is not inflationary. Warsh’s Fed reaction function has to change.