Economy March 31, 2026

U.S. Trade Representative: WTO Falls Short on Core Trade Imbalances but U.S. Will Remain a Member

Greer says the WTO cannot address structural imbalances and currency issues, while the U.S. explores alternatives after e-commerce moratorium lapses

By Leila Farooq
U.S. Trade Representative: WTO Falls Short on Core Trade Imbalances but U.S. Will Remain a Member

U.S. Trade Representative Jamieson Greer told Bloomberg that the World Trade Organization is unable to tackle fundamental distortions in the global trading system, including structural imbalances, currency matters and large export-driven surpluses. Despite those limitations, Greer said the United States does not plan to leave the WTO. He noted that U.S. proposals in Yaounde saw near consensus before opposition from countries such as Brazil and Turkey, and warned that the lapse of the e-commerce moratorium has prompted consideration of a plurilateral agreement with like-minded partners to protect U.S. technology innovation.

Key Points

  • WTO lacks the mechanisms to address structural trade imbalances, currency issues and large export-driven surpluses, according to U.S. Trade Representative Jamieson Greer - sectors affected include global trade governance and export-led industries.
  • Despite institutional limitations, the United States is not planning to leave the WTO and remains engaged in reform discussions - this affects trade policy and international negotiations.
  • The e-commerce moratorium on digital transmission duties has lapsed after 28 years; the U.S. said it may pursue a plurilateral deal with like-minded countries to preserve technology-sector interests.

In an on-air interview, U.S. Trade Representative Jamieson Greer said the World Trade Organization is simply not equipped to resolve several of the pressing problems confronting the international trading system, but emphasized that Washington is not prepared to abandon the body.

Asked whether the United States planned to withdraw from the WTO after trade ministers in Yaounde, Cameroon failed to agree on an extension of a moratorium on duties for electronic transmissions and could not advance a package of modest reforms, Greer answered directly: "Well, I wouldn’t say that."

He went on to outline the limits of the WTO’s remit, saying the institution has never been able to address certain structural dimensions of global trade. "The ability of the World Trade Organization to meet the needs of the moment - addressing structural imbalances, currency issues, huge export-driven surplus by other countries - the WTO has never been able to address those things, and it won’t be going forward. It can barely address issues on its current agenda," he said.

Greer also reviewed the U.S. position at the Yaounde ministers meeting, saying the delegation had pressed for reforms that would clarify which countries should qualify for trade benefits intended for developing economies and that would allow nations to adjust tariff levels in defense of core national interests.

On those proposals, Greer said there was near consensus among delegations but that opposition from several states ultimately prevented agreement. He specifically noted that Brazil and Turkey opposed the package, and described that outcome as "kind of 'Exhibit A' that the WTO is unable to address these core challenges."

The interview touched on the future of the WTO's long-standing e-commerce moratorium. The moratorium on customs duties for digital transmissions has lapsed after 28 years - three years less than the WTO's own age - and ministers were expected to resume discussions in Geneva aimed at renewing it.

Greer said late on Monday that if members do not extend the moratorium, the United States will pursue an alternative, plurilateral arrangement with "like-minded" partners to reinstate those protections, framing the move as necessary to preserve U.S. technology innovation.


Implications and context in brief

  • The remarks underscore a U.S. view that the WTO does not have the capacity to tackle macro-level trade distortions, while Washington nonetheless intends to remain engaged in the institution.
  • The lapse of the e-commerce moratorium and the possibility of a plurilateral alternative point to immediate policy work among countries seeking to safeguard digital trade preferences.
  • The failure to secure consensus on modest reform proposals in Yaounde highlights divisions among major trading partners, with potential consequences for trade disciplines and tariff flexibility.

Risks

  • Persistent inability of the WTO to resolve core structural challenges could prolong uncertainty for exporters and importers relying on stable multilateral rules - trade-dependent sectors and global supply chains may be impacted.
  • Failure to extend the e-commerce moratorium risks fragmentation of digital trade rules; technology firms and digital service providers could face a more complex tariff landscape if a universal agreement is not reached.
  • Divergent positions among key countries, including opposition from Brazil and Turkey to U.S. reform proposals, create uncertainty around any near-term consensus on trade-rule adjustments - negotiations in trade policy and tariff-setting may be affected.

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