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Trade Deficit Hearing

The link is here, and the full text of the DOC's "Notice of public hearing and request for comments" is below. I hope they get lots of good submissions on macroeconomics. Notice of public hearing and request for comments. Pursuant to Executive Order 13786 of March
Simon Lester 18 Apr 2017 6 min read

Is there an Alternative to Trade Adjustment Assistance?

Over at Project Syndicate, Dani Rodrik has an important essay on compensation to trade’s “losers.”  He argues that it is too late to compensate them, certainly in terms of harm done to individuals whose livelihoods have been impaired, and also in terms of political support for liberalization.  He is
Trachtman 16 Apr 2017 2 min read

Which Countries Are Most Protectionist?

This is from Commerce Secretary Wilbur Ross: Speaking ahead of the arrival in Washington of global finance officials for this week’s IMF and World Bank spring meetings, commerce secretary Wilbur Ross said those accusing the Trump administration of protectionism were firing at the wrong target. The billionaire investor, who
Simon Lester 16 Apr 2017 2 min read

Conference (May 4, 2017): "Free trade, public interest and reality: new generation free trade agreements and national regulatory sovereignty"

From the University of Szeged: Prof. Csongor István Nagy, professor of law and head of the HAS-Szeged Federal Markets “Momentum” Research Group is hosting a conference at the University of Szeged, Hungary on May 4, 2017, entitled: "Free trade, public interest and reality: new generation free trade agreements and
Inu Manak 13 Apr 2017 1 min read

Two Trump Trade Things That Just Happened

There was this: President Trump on Wednesday said he would not label China a currency manipulator, contradicting one of the biggest economic promises he made on the campaign trail. And there was also this: COMMERCE TAKES ‘UNPRECEDENTED’ STEP IN TRADE CASE: The Trump administration flexed its enforcement muscles by taking
Simon Lester 12 Apr 2017 1 min read

The CFTA: Tobacco Carveouts are Spreading

Carveouts for tobacco control measures are spreading. The carveout was first used in the TPP, then was brought over to the Australia-Singapore FTA update. Now there is one in the Canadian Free Trade Agreement: Article 806: Tobacco Control Measures This Agreement does not apply to any measure adopted or maintained
Simon Lester 09 Apr 2017 1 min read

The CFTA: Will We See More Intra-Canadian Trade Disputes?

Over the years, I've tried on this blog to get people interested in the Canadian Agreement on Internal Trade (AIT), with little apparent success.  In part, that may have been because there just weren't enough cases (roughly 3 per year -- the list is here).  A
Simon Lester 09 Apr 2017 1 min read

Could the U.S. and China Negotiate a Trade Deal?

In a recent interview with the FT, President Trump had this to say about the existing U.S. trade relationship with China: How do you bring China’s trade surplus down quickly? By telling China that we cannot continue to trade if we are going to have an unfair deal
Simon Lester 05 Apr 2017 2 min read

Missed and new opportunities in world trade: is Trump China’s trump in world trade? (April 12, 2017)

From the Faculty of Law at the University of Szeged, Hungary: Prof. Csongor István Nagy, professor of law and head of the HAS-Szeged Federal Markets “Momentum” Research Group and Dr. Zoltán Víg, associate professor of law and senior research fellow at the HAS- Szeged Federal Markets “Momentum” Research Group will
Inu Manak 04 Apr 2017 1 min read

The Omnibus Report on Significant Trade Deficits

On Friday, President Trump signed an executive order for an "Omnibus Report on Significant Trade Deficits."  Here's how it starts: OMNIBUS REPORT ON SIGNIFICANT TRADE DEFICITS By the authority vested in me as President by the Constitution and the laws of the United States of America,
Simon Lester 02 Apr 2017 3 min read

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International Economic Law and Policy Blog

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Is There No Going Back on Trade? What Is the Path Forward? A Response to Lighthizer

Former U.S. Trade Rep. Bob Lighthizer has a new essay in Foreign Affairs, and I have some thoughts. I'm going to start with his brief big picture points on the direction of U.S. trade policy, and then go through a couple of the specific concepts he emphasizes.
27 Apr 2026 6 min read

The Section 301 Excess Capacity Investigation Needs Less Madness, More Method

Shortly after the Supreme Court ruled President Trump’s emergency tariffs under IEEPA  unconstitutional, the administration scrambled to rebuild its tariff wall. While the announcement of Section 122 tariffs immediately following the ruling will provide a temporary patch, the U.S. Trade Representative’s office quickly began to utilize another
24 Apr 2026 6 min read

War Tariffs

This is a co-authored post by Kathleen Claussen and Tim Meyer. Last week, President Trump announced that the United States would be imposing new tariffs of 50 percent of the value of any product coming from any country that sells weapons or provides military aid to Iran. Some commentators questioned
14 Apr 2026 5 min read

USMCA Review and Extension Predictions

When the idea of an expiration clause was suggested during the NAFTA renegotiation, I was against it from the start, and Inu and I wrote a pretty critical piece about it at the time. A review is great, we said, let's definitely have reviews, and there are plenty of ways to do that.
08 Apr 2026 5 min read

The Section 301 Surge Continues: Investigating the Adoption/Enforcement/Administration of Forced Labor Import Bans

This Section 301 investigation intends to pressure all sixty named trade partners (even, inexplicably, including Canada and Mexico) to adopt similar enforcement procedures. This announcement is highly problematic for the four reasons I address below.
16 Mar 2026 4 min read

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