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Current Account Imbalances: Part 2 (Martin Feldstein)

Here's post #2 on the current account imbalances issue.  Martin Feldstein thinks these imbalances will, for the most part, take care of themselves, without any grand international plan to fix them.  He leads off his paper this way: The high level of current account imbalances has been a
Simon Lester 11 Jan 2011 8 min read

Current Account Imbalances: Part 1 (John Williamson)

There is lots of talk about trade imbalances these days, with surplus countries pitted against deficit countries.  There is the U.S. versus China, of course, but there is also Germany versus Greece.  The U.S.-China issue gets more press attention (at least here in the U.S.), and
Simon Lester 11 Jan 2011 5 min read

Inter-National versus Intra-National Protectionism

Here's an excerpt from an old post by economist Don Boudreaux (via recent posts from Mark Perry and Scott Lincicome): Ifintra Indeed, such an objective scholar should be open also to the possibility that residents of Nashville can be made wealthier if their leaders restrict their ability to
Simon Lester 11 Jan 2011 1 min read

Making GSP More "Rule-Oriented"

Lorand Bartels and Christian Haeberli have an interesting article on GSP in the latest edition of the JIEL, in which they propose two ways "to increase the security and predictability of these preferential schemes, permitting decisions by investors and traders to be taken without fear of an arbitrary withdrawal
Simon Lester 09 Jan 2011 3 min read

The China wind power WTO complaint - failure to translate

The US complaint (DS419) also includes a new claim under the China Accession Protocol: China has not made available a translation of the measures at issue into one or more official languages of the WTO. As part of its accession commitments on transparency, China agreed to make such translations available
Julia Qin 06 Jan 2011 1 min read

The China Wind Power WTO Complaint

Speaking of U.S. - China economic law, as Sungjoon was in the last post, here's the key part of the U.S. WTO complaint related to alleged Chinese subsidies to the wind power industry (DS419): My authorities have instructed me to request consultations with the Government of
Simon Lester 06 Jan 2011 1 min read

The U.S.-China Economic Law Conference

The University of Michigan Law School, the University of Michigan Center for Chinese Studies and Wayne State University Law School are pleased to sponsor the U.S.-China Economic Law Conference on Friday, February 11 at Wayne State University in Detroit, Michigan. Academic experts and government officials from North America,
Sungjoon Cho 06 Jan 2011 1 min read

The End of Zeroing and the Doha Round

A friend of mine and I were just talking about what impact the DOC's proposal to end zeroing in administrative reviews would have on the Doha negotiations.  In this regard, a recent FT article notes: The US trade representative’s office said it would seek to negotiate a
Simon Lester 05 Jan 2011 1 min read

The Bahamas WTO Accession

WTO accessions are often hard to see from the outside.  You only get tiny hints of what's going on.  So, I've been very interested to read what the Bahamians have had to say publicly in relation to how they are thinking about their accession process, which
Simon Lester 05 Jan 2011 6 min read

Report on the Second Oral Hearing in the WTO Airbus Dispute

Here's more reporting on the WTO Appellate Body oral hearings in the Airbus dispute, by Malorie Schaus (malorie.schaus [at] graduateinstitute.ch) and Tobiasz Kaczor (tobiasz.kaczor [at] gmail.com) of the Graduate Institute in Geneva.  This is their report of the participants' and third participants'
Simon Lester 02 Jan 2011 1 min read

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Guest Post: Are President Trump’s New Section 122 Tariffs Legal?

This is a guest post from Bryan Riley and Joe Bishop-Henchman. Bryan is Director of the Free Trade Initiative at the National Taxpayers Union; Joe is Executive Vice President at the National Taxpayers Union Foundation President Trump has issued new 10% tariffs, shortly after raised to 15%, based on Section
24 Feb 2026 6 min read

Section 122 as a (Partial) Replacement for the IEEPA Tariffs

Apparently, this is the era of dusting off old international economic policy statutes and figuring out what they mean and how they work. After the Supreme Court's ruling today in Learning Resources, holding that "IEEPA does not authorize the President to impose tariffs," we are now
20 Feb 2026 5 min read

Comparing the Forced Labor Provisions in the New U.S. Trade Deals

Continuing my multi-part blog posting series on comparing provisions in the Trump administration trade agreements, let's look now at the provisions that try to induce U.S. trading partners to take action against imports made with forced labor.
20 Feb 2026 4 min read

AOC on Foreign Policy and Trade Policy

AOC spoke on a couple panels last week at the Munich Security Conference and also spoke at the Technische Universität Berlin, and this European trip was widely seen as a move to establish some foreign policy credentials for a presidential run.
17 Feb 2026 12 min read

Comparing the Enforcement Provisions in the New U.S. Trade Deals

Building on the comparison of trade agreement provisions in my last post, let's take a look at the "enforcement" provisions of the six agreements for which the legal texts have been published.
11 Feb 2026 4 min read

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