WTO Talks Collapse: US, Developing Nations Clash Over Digital Trade

0:00On March 30th, World Trade Organization ministers wrapped up four days of talks in Yownday's Cameroon without any deal on reforms or extending the moratorium on duties for digital stuff like downloads and streams. Brazil straight up blocked the US push for a longer extension, starting with a two-year offer that bumped to four years with a review midway. But that wasn't enough for America, which wanted something permanent or close to it. US officials and business folks are fuming, calling it a major setback for global trade, while Britain's trade secretary echoed that frustration amid. Rising economic nationalism and trade fights, developing nations like Brazil and Turkey push back hard, saying a long moratorium robs them of tax revenue from booming digital trade in day, accused the US of asking for too much in a fast-changing world. Diplomats made some headway on a reform roadmap for clear subsidy rules and smoother decisions, set to pick up in Geneva this May, leaving the WTO, fighting to stay relevant as tensions

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