"We Are in the Endgame"

Amid concerns about a worldwide resurgence of trade protectionism, negotiators from the European Union and the U.S. met in Washington earlier this month to give new impetus to a stalled global trade accord. The World Trade Organization (WTO) suspended its so-called Doha Round last July because of disagreements between the U.S. and the E.U. over subsidies to their farmers, while countries from Australia to India complain that the ways both giants use such supports are a major trade distortion. There's not much time left for a new deal, since the special "fast-track" authority to negotiate trade agreements, granted by U.S. Congress...