The bottom line

The seven-year-old Doha Round of global trade talks came to a crashing halt yesterday after the U.S. and Europe were unable to reach agreement on farm tariffs with emerging global heavyweights China, India, and Brazil. The World Trade Organization (WTO) launched the talks were in 2001 to give poor farmers greater access to wealthy markets. Since then, China, India, and Brazil’s increasing global economic clout has changed their priorities. (The Wall Street Journal)