Free trade or preferential trade areas (PTAs) allow importers who belong to the area to export to each other while …

that are sometimes identified as warranting changes in the design of the GATT/WTO. I argue that the "terms-of-trade" theory … of trade agreements provides a compelling framework for understanding the impact of GATT in the twentieth century, and I …

We examine how export expansion induced by the U.S-Vietnam Bilateral Trade Agreement (BTA) affected migration, school …

Trade policy uncertainty (TPU) has become an important source of economic uncertainty and research. We review the main … its effects. We analyze its role in trade agreements and discuss open questions for future research …

The design of a trade agreement should reflect its purpose. Does digital trade change the purpose of a trade agreement …? To explore this question, I first describe the definitional and classification issues associated with digital trade, and … for modeling purposes I adopt a simple taxonomy of the ways in which digital trade can arise and the policies that can be …

Trade Agreement (KORUS) drew U.S. import demand away from other U.S. trading partners through the phenomenon known as trade … diversion. In the two years following the implementation of KORUS, trade diversion was particularly strong for U.S. imports of … consumption goods and for trade partners who already had free trade agreements with the U.S. Our estimates of trade diversion sum …

We study the effects on trade from the annual tariff uncertainty about China's MFN status renewal prior to joining the … WTO. We have three main findings. First, counter to the evidence elsewhere, trade increases strongly in anticipation of … uncertain future increases in tariffs. Second, even though the trade response can be quite large, the probability of a tariff …

What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only … consumers. In addition to characterizing the features of the optimal new trade agreement in each environment, we ask whether … detailed negotiations about regulatory rules are needed for global efficiency or whether an "old trade agreement" augmented by …

In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to … that China would divert agricultural imports away from other countries. We find that this trade diversion is especially …