President Donald Trump seems to have snookered America’s trading partners on and off the golf course. The Turnberry System has all but knocked the rules-based multilateral trading order established by the World Trade Organization into a cocked hat. He wrote in an Op-Ed in the Financial Times recently: “... the ‘Turnberry Round’ of global trade negotiations continues at an accelerated pace. In the autumn, he [Trump] concluded trade agreements and frameworks with Malaysia, Cambodia, Thailand, Vietnam and Korea. However, it will be a while before the rationale for Trump’s minatory trade policy finds its validation in the other metrics.

Source: The Telegraph January 09, 2026 01:03 UTC