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The Trump Administration is proceeding with unilateral measures to address what it has characterized as “unfair” trade, risking retaliation, but banking on a threat of massive escalation to extract a favorable outcome for itself. Notwithstanding widespread speculation that the threats to...
Persistent link: https://www.econbiz.de/10014113481
The distinction of introducing the first anti-dumping measure falls to Canada. At a time when tariffs were not bound …, anti-dumping first made its appearance in an era that was a high season of globalization, with labor and capital able to … interest to note a major difference: anti-dumping actions did not proliferate then but are doing so now. This paper, developed …
Persistent link: https://www.econbiz.de/10013081660
While antidumping laws were originally developed as the international trade analogue of domestic competition or … justification for modern antidumping practice remains founded on the bedrock of countering “unfair” trading practices and preserving … competitive markets. Consistent with this formal rationale, antidumping law has been replaced by competition policy mechanisms in …
Persistent link: https://www.econbiz.de/10013064816
For apparently irreconcilable domestic political reasons, the United States is an outlier amongst economically advanced countries as the only one that does not have a value added tax (VAT), which is the conventional and WTO-sanctioned approach to applying an economically efficient and...
Persistent link: https://www.econbiz.de/10012962946
The Trump administration's swift exit from the TPP has clearly not killed the deal as the remaining signatories consider whether to move ahead without the United States. While the overall impact of the deal would be lower without the U.S., the 11 remaining countries are better off with a TPP11...
Persistent link: https://www.econbiz.de/10012954352
We assess the outcomes for the negotiating parties in the Trans-Pacific Partnership (TPP) if the TPP11 go ahead with the agreement as negotiated without the United States, as compared to the outcomes under the TPP12 agreement as signed in October 2016. Both the TPP11 and TPP12 are assessed on...
Persistent link: https://www.econbiz.de/10012955606
The long trade peace that took hold with the signing of the General Agreement on Tariffs and Trade (GATT) on 30 October 1947 is over. As of mid-2018, the world is embroiled in a trade war of global dimensions. This note charts the path to trade war, discusses U.S.policy aims and its trading...
Persistent link: https://www.econbiz.de/10012914637
The Trump Administration has pursued a sharply different – and for its trade partners unsettling – trade policy from that followed by the United States in the postwar period. While much attention has been focussed on the oftentimes contradictory, oftentimes theoretically unfounded, and...
Persistent link: https://www.econbiz.de/10012888924
The new “U.S.-Mexico-Canada Agreement” (USMCA) signed on 1 October 2018 sets out important markers concerning the future direction of Trump Administration trade policy. As consideration turns to the path to success in implementing this agreement, I will focus in my remarks today on what...
Persistent link: https://www.econbiz.de/10012889534
Taiwan has indicated its interest in joining the Trans-Pacific Partnership Agreement. In this report, we evaluate the implications of Taiwan's accession for the United States to inform the negotiation process. We consider the sectoral export prospects for U.S. industry and provide estimates of...
Persistent link: https://www.econbiz.de/10013030030