Rumours of the trade deal’s death are greatly exaggerated

In some elements of the world, not least America’s capital, “commerce” is a unclean phrase. Each Donald Trump and Joe Biden now champion protectionism, and neither president signed a single new commerce deal. The World Commerce Organisation (WTO) is a shell of its former self. So that you may assume that commerce offers are historical past—however in truth, from South Asia to Latin America, dealmaking continues apace.