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Latest — 16 Oct 2025

Checking In On the Trump Administration's Drug Price Control Plans

Following up on two previous posts I did on this issue, let's see how the Trump administration's plan to push drug prices in the U.S. down while pushing drug prices in other countries up is going. At the end of September, Trump announced "the

Simon Lester 4 min read

New Model WTO Program at McGill

This is from some enterprising students at McGill University who are setting up a Model WTO program: My name is Sumayya Kheireddine, and together with my co-president Randa Omar, we are two law students at McGill University. Inspired by our experience at the Model World Trade Organization simulation in Switzerland,
Simon Lester 16 Oct 2025 1 min read

Guest Post: Too Big To Fail: The EU Steel Industry, Article XXVIII of the GATT 1994 and the EU’s Free Trade Agreements

This is a guest post by trade lawyer Victor Crochet and law professor Weihuan Zhou Steel has long been a contentious topic in international trade, in part because of the numerous jobs it creates and its relevance to downstream industries including those related to national defense. In the European Union
Simon Lester 13 Oct 2025 8 min read

Reclaiming the WTO’s Practical Mission: A Thought Experiment in WTO Reform

The General Agreement on Tariffs and Trade (GATT), the predecessor of the World Trade Organization (WTO), emerged as a postwar response to economic nationalism. Like the United Nations, which sought to prevent another world war, the GATT aimed to avert the kind of trade wars unleashed by the Smoot-Hawley Tariff
Sungjoon Cho 12 Oct 2025 2 min read

Discussing Trade Policy on the Internet

Shifting the IELP blog to a new platform has led me to do a bit of reflection on the past, present, and future of discussing trade policy online. I am vaguely aware that there were Usenet forum discussions in the 1990s, and there may have been good trade policy conversations
Simon Lester 10 Oct 2025 4 min read

Beware the "Securitization" of Trade Policy

In recent years, U.S. trade policy has seen a creeping takeover by "security" concerns. The precise scope of these concerns is unclear, but they appear to cover both the traditional aspects of military-related security as well as the vague and amorphous concept of "economic security."
Simon Lester 06 Oct 2025 4 min read

Call for Candidates (Co-)Editor(s)-in-Chief Journal of International Economic Law (JIEL)

This is from the JIEL: The 5-year term of the current Co-Editors-in-Chief of JIEL is ending. We have been charged to facilitate the process of electing the next Editor or Co-Editors-in-Chief.  JIEL is the pre-eminent journal in the field of international economic law, published by Oxford University Press (OUP). We
Simon Lester 03 Oct 2025 1 min read

CPTPP Roster of Panel Chairs

Australia's Department of Foreign Affairs and Trade is looking for candidates for the roster of CPTPP panel chairs: Expressions of Interest: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Roster of Panel Chairs The Australian Government is seeking expressions of interest from suitably qualified individuals to be considered
Simon Lester 02 Oct 2025 1 min read

Guest Post: Putting the “harm” in Pharmaceuticals – evaluating President Trump’s proposal of 100% tariffs

This is a guest post from Simon Schropp (BRG and George Washington University) On Friday, September 25, 2025, President Trump – characteristically in a post on Truth Social – announced his intention to impose a 100% tariff on any branded/patented pharmaceutical products imported into the United States, unless the manufacturer “is
Simon Lester 01 Oct 2025 6 min read

Stephen Miran on Tariffs and National Savings

In a speech earlier this week, Stephen Miran, who had been the Chair of the Council of Economic Advisers and is now a member of the Federal Reserve Board, made his case for a looser monetary policy. One aspect of his argument was that he thinks national savings will be
Simon Lester 24 Sep 2025 4 min read

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Guest Post: Too Big To Fail: The EU Steel Industry, Article XXVIII of the GATT 1994 and the EU’s Free Trade Agreements

This is a guest post by trade lawyer Victor Crochet and law professor Weihuan Zhou Steel has long been a contentious topic in international trade, in part because of the numerous jobs it creates and its relevance to downstream industries including those related to national defense. In the European Union
13 Oct 2025 8 min read

Beware the "Securitization" of Trade Policy

In recent years, U.S. trade policy has seen a creeping takeover by "security" concerns. The precise scope of these concerns is unclear, but they appear to cover both the traditional aspects of military-related security as well as the vague and amorphous concept of "economic security."
06 Oct 2025 4 min read

Stephen Miran on Tariffs and National Savings

In a speech earlier this week, Stephen Miran, who had been the Chair of the Council of Economic Advisers and is now a member of the Federal Reserve Board, made his case for a looser monetary policy. One aspect of his argument was that he thinks national savings will be
24 Sep 2025 4 min read

A GOP Tariff Working Group and Post-Trump U.S. Trade Politics

The Hill reported last week that a handful of pro-trade Republicans in Congress used some leverage during a vote about voting on tariffs – it's complicated, check out the details at the link for more! – to get a Republican working group on tariffs established: And [Tom] McClintock [R-CA] said
21 Sep 2025 4 min read

The Japan-U.S. Investment MOU: Centrally Planned Foreign Investment?

In the last post, Mona set out the basics of the Japan-U.S. MOU on "Strategic Investments" in the U.S. – or at least, a version of the MOU that was posted by the Japanese government online, although we don't know for sure if this is
14 Sep 2025 3 min read

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