The WTO's Doha round collapses, mostly (it seems to me) as a result of US protectionism infused in the last farm bill. We should be used to this by now, I suppose.
The Progressive Policy Institute chimes in, including the interesting factoid: No Republican president has concluded a multilateral trade agreement since Dwight Eisenhower oversaw the Geneva II Round of the GATT in 1956.
Pejman Yousefzadeh at RedState.org is simple in his post: This is a disaster, and clears the field for new protectionist trade policies.
Yet another reason, IMO, to do away with the yearly porkfest that is the Farm Bill.