FYI most trade and investment ‘agreements’ contain “survival” provisions which take effect under various unanticipated conditions. It seems to me that generally the instruments and those provisions are upheld irregardless of what government made the original deal, and are binding on whomever inhabits the same physical area, even if the government actors change.
So if for example, we are obligated to give certain rights to other countries - say to offshore and outsource jobs, even a revolution would not discharge that responsibility. Only negotiating mutually accepted compensation for the expected lost profits would.
A trade agreement made way back then is supposed to trade a potentially unlimited number of jobs away, if it turns out our quotas violate the terms of the agreement.
It seems not unlikely to me that we could lose this case which has received virtually no coverage for something with such a globe changing potential.
This case is likely why so much has been invested in making sure Biden or Trump is the next President and not anybody who takes the interest of the human beings.
Make no mistake about it, a loss could basically nullify the advantages, earnings wise of living in the US over Third World countries by making it okay to import a completely new much less expensive labor force, exempt from immigration laws - for the reason that ts not immigration to just work. (Non-immigrant visas - work visas say that on their cover and the WTO agreement thats at question gives the WTO the ability to decide) SO we basically have already lost.
Arent our ‘leaders’ and their wealthy friends around the world so very slick?
They have all the answers.
However at least for a while it might become a great place to start businesses and export because of the desperate, dirt cheap labor. We dont know how it would work out frankly, and whatever happens to us might also be binding on other countries that like us made extensive commitments. The UK might be in the same mess we are because they left the EU which might have given them some protection.
So we may really have been screwed and we have no idea how badly until it actually is happening. It may be up there with the Treaty of Versailles.
Remember, back in the 1990s, trading away an unlimited number of jobs may have seen like it was impossible, as there was a labor shortage and wages were being inflated by the Internet Bubble.