![Flags with the logo of the Chinese telecommunications company Huawei in Bonn, Germany, April 6, 2020 (Photo by Horst Galuschka for dpa via AP Images).](https://www.worldpoliticsreview.com/wp-content/uploads/2020/05/l_us-china_trade-huawei-05262020-1.jpg?w=519&h=259&crop=1)
Editor’s Note: Guest columnist Edward Alden is filling in for Kimberly Ann Elliott this week. During the Cold War, the United States created and led two quite different international trading systems. The first, and by far the better known, was the open, multilateral trading system. Its aim was to expand free trade and market principles around the world, and it culminated after the Cold War in the creation of the World Trade Organization in 1995. What began with just 23 nations in the aftermath of World War II, with the General Agreement on Tariffs and Trade, today includes 164 countries […]