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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
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,
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
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
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 it
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:
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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Featured

What Does the Blue Wave Mean for U.S. Trade Policy?

Tariffs and trade policy were one element that played a role in last night's result. So what impact will Democratic control of Congress have on the administration's trade policy going forward?
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A Proposal To Expand Judicial Review over Section 232 and 301 Tariffs

For many people in Washington these days, having U.S. trade actions judged by international tribunals on their consistency with trade agreements is controversial. But what if that judgment of consistency could be done by US courts instead?
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What Kind of Discrimination Should Section 338 Target?

A couple weeks ago, the U.S. International Trade Commission asked for public comments on implementing Section 338.
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Jake Sullivan Wants To Build On the Biden Administration's Industrial Policy

In a recent article, Jake Sullivan makes the case for continuing on with the Biden administration's economic policies, arguing for an even broader and more comprehensive industrial policy than what we saw under Biden.
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How Difficult Will It Be Politically To Remove Trump's Tariffs?

Heather Hurlburt, who was the Chief of Staff for U.S. Trade Rep. Katherine Tai from 2022-2024, recently poured some cold water on the idea that Trump's tariffs might be removed quickly after he is out of office.
12 Aug 2026 3 min read

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