International Economic Law and Policy Blog

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Simon Lester

Can the Trump Administration's Price Control Plan Bring U.S. Pharmaceutical Prices Down?

In recent months, the Trump administration has undertaken some efforts to lower U.S. drug prices. I'm skeptical that their approach will work, but nevertheless it involves a range of issues that interact in interesting ways. With the caveat that I'm not really an expert on

What Are the Critics of China's WTO Entry Objecting To?

In recent years, there have been some prominent voices out there criticizing the decision to allow China to join the WTO. One thing I have trouble understanding is what the critics see as the counterfactual: How exactly do they think the United States (or the world) would be better off

Guest Post: From Plenty to Protectionism: The Zero-Sum Logic Revisited

This is a guest post from João Felipe Achcar de Azambuja* and Paul Schiering** “I am a tariff man standing on a tariff platform.”[1] Being a tariff man was an important building block both for William McKinley and for Donald Trump to be elected U.S. President. But why

How Many Trade Deals Do We Have So Far?

Back in April, with the 90 day pause on Trump's reciprocal tariffs scheduled to end at midnight on July 8, a Trump administration official suggested they could sign "90 deals in 90 days." At that time, I noted here on the blog that I had said

Is Industrial Policy Undermining the Fight against Climate Change?

Todd Tucker has a new JIEL piece called "Towards a post-Trump order for the climate crisis." It has been a couple years since I've engaged with something from Todd, so I'm going to use this piece to try to revive our decades-long debates. Fingers

The UK Joins the MPIA

The UK has just set out its new trade strategy, and one point in there is that it will be joining the MPIA: The WTO has an almost unique function to resolve trade disputes. That trade dispute system is busier than ever but, since 2019, it has lacked an appellate

David Gantz: The Path Forward for North American Trade and Economic Integration

This is a post from David Gantz, Will Clayton Fellow, Baker Institute for Public Policy, Mexico Center; Samuel M. Fegtly Professor Emeritus, College of Law, the University of Arizona. Part I: Introduction This report addresses the challenges to the continued viability of the United States-Mexico Canada Agreement (USMCA), and more

Trade Deficits, Savings/Consumption, Currencies and the Causes of U.S. Budget Deficits

I've seen a number of recent statements by people suggesting that U.S. fiscal deficits are being driven by (1) the dollar as the reserve currency and (2) relatively low foreign consumption/high foreign savings. These factors, it is suggested, lead to lower interest rates for borrowing in

Questions and Responses in DS623 on Non-Market Policies and the Relationship of GATT Exceptions to the SCM Agreement

The U.S. has posted its responses to the panel's questions in U.S. - IRA (China) (DS623). I want to highlight two specific questions/responses: One relates to the meaning of "non-market" policies and practices, and the other relates to the availability of GATT exceptions

How Will the Trump Administration Approach the WTO and WTO Dispute Settlement?

At a hearing on Tuesday to consider the nomination of Joseph Barloon to be the Deputy U.S. Trade Representative in Geneva (and Ambassador to the WTO), there were some questions about the Trump administration's views of the WTO in general, as well as WTO dispute settlement and