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What To Expect from the USMCA Review?

The USMCA review is almost upon us. How exactly things will proceed is a bit unclear, as we've never done this sort of thing before, but July 1 is the six year anniversary of the USMCA's entry into force.
Simon Lester 03 Jun 2026 15 min read

China in the World Trading System: A Response to Chad, and Some Comments on Froman-Greer

I'm going to use this post to (1) respond to Chad and (2) comment on an exchange between current U.S. Trade Rep. Jamieson Greer and former U.S. Trade Rep. Mike Froman at a recent CFR event.
Simon Lester 01 Jun 2026 7 min read

Guest Post: Whose CBAM is it anyway? Of Default Values and Accreditation

The European Union’s (“EU”) Green Deal dream, the long-awaited Carbon Border Adjustment Mechanism (“CBAM”) – a carbon-pricing measure covering six industrial sectors – entered its definitive phase of application on January 1, 2026.
Simon Lester 29 May 2026 12 min read

My Response To Simon on China in the World Trading System

Here are two quick reactions to the super important question of what explains why countries did not use WTO dispute settlement to push China to change.
Chad P. Bown 28 May 2026 2 min read

My Questions for Chad on China in the World Trading System

At the Peterson Institute event launching the "How To Win a Trade War" book, Chad said some things about trade relations with China that I found interesting.
Simon Lester 26 May 2026 4 min read

Guest Post: The Role of GATT Article XII in Interpreting and Applying Section 122

On May 7 a three-judge panel of the Court of International Trade (CIT) ruled against the Trump administration’s latest round of global 10% tariffs.
Simon Lester 22 May 2026 3 min read

Conference on In Search of Common Ground: China-EU Economic Relations in Times of Global Disorder

On 29-30 May 2026, Xi’an Jiaotong University in Xi’an, China will hold a conference on In Search of Common Ground: China-EU Economic Relations in Times of Global Disorder. The program is here. It sets out the aims of the conference as follows: Since 2019, the European
Simon Lester 22 May 2026 1 min read

Trade War Games (Review of How To Win a Trade War)

This blog post will offer a brief review of "How To Win a Trade War," by famous podcasters and think tankers/journalists Chad Bown and Soumaya Keynes. I wanted to post something in time for their official book launch (which is today), but I only got the book
Simon Lester 20 May 2026 8 min read

Guest Post: Takeaways from Recent U.S.-China Trade Deals

This is a guest post by Bryan Riley, Director of the National Taxpayers Union’s Free Trade Initiative Details of the Trump Administration’s recent deals with China have yet to be released, but a few key goals have been announced by the White House.  ✔ China will meet its 2025
Simon Lester 19 May 2026 2 min read

Assigning Blame for Trade Imbalances

Finance professor Michael Pettis writes often about trade imbalances, and as I've followed what he has to say on this subject over the years, I've tried to figure out where exactly he and I disagree.
Simon Lester 15 May 2026 4 min read

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International Economic Law and Policy Blog

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Governments Make Their Case Against Section 301 Forced Labor Tariffs

Last month, USTR made a determination in its Section 301 investigation into "Acts, Policies, and Practices of Various Economies Related to the Failure To Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced With Forced Labor."
10 Jul 2026 5 min read

How Should the EU Get Tough with China? Unilateral Action vs. WTO Complaints

I've seen several recent calls for the EU to get tougher in its economic relations with China, along with arguments that it has been too slow to act against the Chinese economic threat.
06 Jul 2026 4 min read

Trump Administration Decides Not To Extend USMCA for Another Term: What Does That Mean Exactly?

Today, as part of the first joint review of the USMCA, the three governments held a virtual meeting.
01 Jul 2026 4 min read

Competing Views of Sovereignty: The Haves vs. The Have Nots in AI (and Steel)

It's interesting to watch how political leaders craft narratives around economic competition that reflect their own country's strengths and weaknesses.
29 Jun 2026 4 min read

A law of many meanings: Exchange Actions under the GATT and IMF

Earlier this week, Simon Lester posted about the EU’s concerns with the undervaluation of the Chinese currency. He situated the recent demands for trade restrictions against a longstanding debate about the function of GATT Article XV:4.
25 Jun 2026 8 min read

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