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The China Currency Issue: The Savings Gap

It has been suggested that the main cause of the U.S. trade deficit with China is the savings gap between the two countries, involving some combination of China saving too much and the U.S. saving too little.  From Morgan Stanley Asia Chairman Stephen Roach: Morgan Stanley Asia Chairman
Simon Lester 21 Mar 2010 3 min read

More on GATT Article XV:4

A few months ago, I tried to do a quick analysis of one aspect of GATT Article XV:4, in the context of a possible WTO claim related to China’s currency peg. The issue I raised was whether, when arguing that an “exchange action” “frustrates the intent” of GATT
Simon Lester 21 Mar 2010 4 min read

A Summary of China Currency Views

I thought it might be interesting to gather up the various views that have been expressed on the China currency issue.  I have two key questions in mind: 1)  Is the Chinese currency peg at an (allegedly) undervalued rate bad for the U.S. economy/global economy? 2)  If it
Simon Lester 19 Mar 2010 8 min read

Paths to Economic Development: Is Services (Part of) the Answer?

Over at vox, Ejaz Ghani of the World Bank argues that services can play a more important role in development than is generally thought: The story of Hyderabad – the capital of the Indian state of Andhra Pradesh – is truly inspiring for late-comers to development. Within two decades, Andhra Pradesh
Simon Lester 19 Mar 2010 2 min read

Tobacco and Trade/Investment Agreements

Tobacco and trade/investment issues are heating up. Philip Morris is suing Norway: Philip Morris Norway (PMN) has announced it’s going to sue the Norwegian state. They claim the ban against displaying tobacco products that came into force on 01 January is illegal. “These regulations prevent adult consumers from
Simon Lester 19 Mar 2010 1 min read

Today's Chinese Currency Post

I don't mean to overdo things with the China currency issue, but it's a hot topic and there's a lot to say about it.  So here's today's post, which is about an argument made by Arvind Subramanian in the FT:
Simon Lester 17 Mar 2010 2 min read

Climate Labelling under WTO Rules

From SSRN, here is the asbtract of Climate Labelling and the WTO: The 2010 EU Ecolabelling Programme as a Test Case Under WTO Law, by Erich Vranes Environmental labelling is increasingly used as an instrument of climate protection. This is underlined, for example, by the EU climate change programme, in
Simon Lester 17 Mar 2010 1 min read

Workshop on Global Law and Economic Policy at Harvard

From June 2-11, 2010: The Workshop is an intensive ten day residential program designed for doctoral and post-doctoral scholars. The Workshop aims to promote innovative ideas and alternative approaches to issues of global law, economic policy and social justice in the aftermath of the economic crisis.  The initiative
Simon Lester 17 Mar 2010 1 min read

Film Production Subsidies

From The Economist: California has been worrying about “runaway production” since 1998, when Canada began luring producers and their crews away from Los Angeles with tax breaks. Other places followed, and all but seven American states and territories and 24 other countries now offer, or are preparing to offer, rebates,
Simon Lester 17 Mar 2010 1 min read

Trade in Everything: Rush Limbaugh Edition

No, we're not trading Rush Limbaugh.  Rather, he may be engaging in trade in medical services: Conservative talk-show host Rush Limbaugh said this week he’d go to Costa Rica for medical treatment if Congress passes proposed reforms to the US healthcare system. That might sound like
Simon Lester 17 Mar 2010 2 min read

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Does The EU Need Its Own Section 301 To Counter China's Distortions?

Recently, economists Sander Tordoir and Brad Setser suggested that the EU may need its own version of Section 301 in order to "confront China’s systemic distortions beyond piecemeal trade defence."
17 Jun 2026 7 min read

The Section 301 Forced Labor Import Ban Report

On June 2, 2026, USTR released its report on 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.
04 Jun 2026 11 min read

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.
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.
01 Jun 2026 7 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.
28 May 2026 2 min read

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