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Expanding the TPP

Japan might join.  And Korea is thinking about it as well. Is an expanded Trans Pacific Partnership a good development for trade agreements, helping create an important new free trade area?  Or will adding these large economy countries with sensitive agricultural sectors cause the TPP negotiations to get bogged down
Simon Lester 14 Nov 2010 1 min read

The Tea Party and Free Trade

There has been some talk about the Tea Party and free trade.  Dani Rodrik says: "Republicans who support the Tea Party are even more hostile to trade agreements than the rest."  He cites to this Pew poll.  Similarly, Robert Lighthizer says: "Strangely, for a movement named after
Simon Lester 14 Nov 2010 2 min read

ASIL IEL Conference in Minnesota

The ASIL International Economic Law Interest Group conference on "International Economic Law in a Time of Change: Reassessing Legal Theory, Doctrine, Methodology and Policy Prescriptions" is coming up on November 18-20, at the University of Minnesota Law School.  I see lots of big IEL names and interesting paper
Simon Lester 12 Nov 2010 1 min read

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

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International Economic Law and Policy Blog

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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

The Section 301 Surge Is Upon Us: Investigating Excess Capacity and Production

The first of a large batch of expected Section 301 investigations has arrived, as USTR announced yesterday that it was initiating investigations on acts, policies, and practices of various countries/economies "relating to structural excess capacity and production in manufacturing sectors."
12 Mar 2026 3 min read

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