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President Trump on ISDS (Sort Of)

OK, not really on ISDS, but touching on ISDS to a very slight degree. Here's what he said a couple days ago: I’ve cleared the way for the Dakota Access and Keystone XL pipelines -- and added a requirement that American pipelines be constructed with American steel.
Simon Lester 23 Mar 2017 2 min read

Event on Socio-Legal Methodologies at the University of Warwick

From the Centre for Law, Regulation and Governance of the Global Economy (GLOBE) at the University of Warwick: On Tuesday, 16 May 2017, the Centre for Law, Regulation and Governance of the Global Economy (GLOBE) at the University of Warwick, as part of the International Economic Law in Context Seminar
Inu Manak 23 Mar 2017 1 min read

Should the U.S. Have a Model Trade Agreement?

This is from Secretary of Commerce Wilbur Ross at his confirmation hearing (sorry about the all caps -- that's how it was at the link and I don't feel like retyping it): BUT I WOULD HOPE THAT IF CONFIRMED I CAN CONTRIBUTE TOWARD DESIGNING KIND OF
Simon Lester 21 Mar 2017 1 min read

Lighthizer's Responses to Senate Questions

Here are a few answers from USTR nominee Robert Lighthizer to written questions from Senators (via Inside US Trade): The European Union is the top export markets for the United States. At the same time, U.S. businesses and farmers face significant barriers to the EU market. The Obama Administration
Simon Lester 21 Mar 2017 3 min read

What To Make of the G20?

This is from the FT: Finance ministers from the world’s biggest economies have dropped pledges to renounce protectionism in a meeting marked by tension over trade between the US and others including China. G20 finance ministers meeting in the German resort town of Baden-Baden noted the importance of trade
Simon Lester 19 Mar 2017 1 min read

Trade Deficits vs. Imports

This is also from Todd Tucker's report: ... The U.S. trade deficits with Mexico and China went up after trade deals were finalized with both countries. Summarizing the research that uses such deficit-based measures (and attempting to control for trade displacement he believes would have happened anyway as
Simon Lester 19 Mar 2017 1 min read

Are Tariffs Low?

This is from the Todd Tucker progressive trade policy vision that I mentioned in the last post: ... The benefits of international cooperation on fighting tax evasion, monopoly power, unstable financial markets, climate change, and macroeconomic imbalances from misaligned currencies far outstrip even the most optimistic projections for agreements like the
Simon Lester 19 Mar 2017 1 min read

What Is the Progressive Vision for Trade Policy?

Progressives might disagree among themselves on what they want out of trade policy, but the vision of one particular progressive, long-time friend of this blog Todd Tucker, is here. First, let me say that I love the title of his report: "The Sustainable Equitable Trade Doctrine: Building Progressive International
Simon Lester 16 Mar 2017 3 min read

UK Trade Options Beyond 2019

The UK Parliament International Trade Committee has issued a report on "UK Trade Options Beyond 2019."  There are lots of interesting items in there. Here is the section on dispute rules in a UK-EU FTA: Dispute resolution 95.A key consideration regarding the terms of a UK-EU FTA
Simon Lester 14 Mar 2017 3 min read

Call for Papers-- Rethinking Free Trade: Liberal International Economic Order in the Wake of Brexit and Trump

The Institute of European and American Studies (IEAS), Academia Sinica intends to organize an international conference on 15-16 (Wed-Thu) November, 2017 in Taipei, Taiwan. The potential topics include, but are not limited to, the following issues: * The shift from embedded liberalism to neoliberalism and its critique * The future of mega-FTAs
Inu Manak 14 Mar 2017 1 min read

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International Economic Law and Policy Blog

International Economic Law and Policy Blog

Expert commentary on the law, politics and economics of international trade and investment

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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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