What the World Trade Organization actually is and why it would matter if the US leaves it

The World Trade Organization (WTO) was established in 1995, a 50-year effort to secure rules-based trade so that harsh trade restrictions could not prevent countries from a global economy. This enabled countries togrow faster and steadierand brought peace and prosperity to Europe and Japan. Trump has reportedly considered suspending US compliance with the WTO. If the US were to leave the WTO, other countries could freely raise tariffs against it. This would inevitably raise prices and reduce cho...