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Just as a person who is mugged in a dark alley doesn't know which assailant struck which blow, an ailing domestic producer may not know which country's imports have caused it injury. So reasoned the Tariff Commission, predecessor to the International Trade Commission, in deciding to cumulate the...
Persistent link: https://www.econbiz.de/10014222776
This article considers the inherent illogic of existing approaches to applying U.S. trade law to Non-Market Economy (NME) countries. U.S. trade law is largely based upon the premise that free trade is best, so long as it is essentially fair. Of the areas of trade law that control this balance...
Persistent link: https://www.econbiz.de/10014222868
This study empirically investigates the impact of recent US export controls on China on South Korea's semiconductor exports. We analyze South Korean export data to shed light on the repercussions of US export restrictions on a third country. Our findings reveal a significant decline in Korean...
Persistent link: https://www.econbiz.de/10015062252
The legitimacy of the world trading system is under growing attack, as challenges to its conformity with norms of fairness and social justice are increasingly voiced by citizens and their governments around the world. Taking a novel "bottom up" approach to concerns for fairness, we show how...
Persistent link: https://www.econbiz.de/10015056179
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161