CNN —
Some European Union leaders discussed a rethinking of the World Trade Organization, the entity at the center of the global trading system, at the European Council meeting on Thursday night in Brussels.
“If the WTO continues to be incapable of working,” German Federal Chancellor Friedrich Merz said, the EU has “to come up with something else.”
The suggestion underscores the rapid changes to the global trading system in recent years, and in particular since President Donald Trump returned to office in January and imposed sweeping global tariffs on US trading
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