Trajectory (Pivoting): WTO holds emergency meeting to discuss multilateral trade system reforms, as tariff wars have undermined the old system.; Meeting focus is on reaching an agreement for reform; failure could lead to new rule-making (Al Jazeera). Key events: WTO holds emergency meeting, increasing uncertainty in the multilateral system (Al Jazeera) Watch: Monitor WTO meeting outcomes; if reform fails, risks of global trade fragmentation may rise, affecting supply chains.