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G20 Highlights

If you can call them that.  This is from the official communique: Currencies: Monetary and Exchange Rate Policies: We reaffirm the importance of central banks' commitment to price stability, thereby contributing to the recovery and sustainable growth. We will move toward more market-determined exchange rate systems and enhance exchange
Simon Lester 12 Nov 2010 2 min read

Quantitative Easing, Growth and Currencies

I think it's safe to say that there is some disagreement about whether quantitative easing will lead to economic growth.  Personally, I'm a skeptic.  I would rather focus on measures that promote long-term growth, for example those that can lead to productivity increases.  To me, quantitative
Simon Lester 12 Nov 2010 1 min read

Exporting As A Way To Prosperity

President Obama: "We want to be known not just for what we consume, but for what we produce. And the more we export abroad, the more jobs we create in America. In fact, every $1 billion we export supports more than 5,000 jobs at home. It is for
Simon Lester 11 Nov 2010 1 min read

The Conservative View of the Chinese Currency Issue

Well, one conservative view, anyway.  There is no doubt a wide variation in views.  But here's National Review deputy managing editor Kevin Williamson (taking a view that seems similar to economist Don Boudreaux's): It is undeniable that Beijing plays games with China’s currency in order
Simon Lester 11 Nov 2010 3 min read

The Seal Products Case Under EU Law

Following-up on Colin's post, I have been wondering for quite some time what the arguments were that the EU seal products ban violates EU law.  The Canadian seal fur people were kind enough to point me to their pleas here: The applicants put forward three pleas in law
Simon Lester 09 Nov 2010 2 min read

Free Trade and Cultural Diversity

Economist Don Boudreaux argues that free trade is about more than just "stuff," it's about cultural diversity: One of the chief concerns expressed by anti-globalization activists is that freer trade leads to worldwide cultural homogeneity. Paris, France, according to this view, will become just like Paris,
Simon Lester 09 Nov 2010 3 min read

Donald Trump is a Mercantilist

Speaking of mercantilism, here's something from a Greta Van Susteren interview with Donald Trump: VAN SUSTEREN:  ... All right, the economy, the unemployment rate not getting better. If you were advising the president, what would you tell him to do? TRUMP: Obviously the word is "jobs." How
Simon Lester 08 Nov 2010 3 min read

Is Obama a Mercantilist?

Scott Lincicome and Don Boudreaux cite to President Obama's op-ed in the NY Times last week -- titled "Exporting Our Way to Stability" -- and make the case that he is a mercantilist, or at least sounds like one.  Here's Scott: As nice as
Simon Lester 08 Nov 2010 2 min read

Another De Facto Discrimination Case

I love a good de facto discrimination case.  Whenever one starts up, I think, "this is the one that's going to clarify all the GATT non-discrimination standards."  That hasn't happened yet, but I keep hoping, and here's another case with potential: Brazil
Simon Lester 06 Nov 2010 1 min read

Roger Alford on GATT Article XX and Extraterritoriality

Over at Opinio Juris, Roger Alford writes the following on GATT Article XX and extraterritoriality: One of the most significant questions under GATT Article XX is whether States can violate WTO rules in order to protect against foreign harms. It is an issue that has plagued the GATT/WTO for
Simon Lester 06 Nov 2010 2 min read

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International Economic Law and Policy Blog

International Economic Law and Policy Blog

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Featured

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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