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Jamieson Greer on the Rise of Manufacturing Competition

At the Reindustrialize Summit held in Detroit last week, U.S. Trade Representative Jamieson Greer said the following about the decline of American industrial power: At the heyday of American industrialization, our country enjoyed a robust middle class, an unassailable national defense, and an innovation economy unprecedented in human history.
Simon Lester 23 Jul 2025 4 min read

Guest Post: WTO Law Compatibility of the UK’s New Electric Vehicle Grant Scheme

This is a guest post from from University of Swansea law professor Arwel Davies On July 15th, UK media outlets reported a new government scheme to support the purchase of EVs with a price of under £37,000. The two grant levels are £3,750 or £1,500 depending on
Simon Lester 21 Jul 2025 16 min read

Can the Trump Administration's Price Control Plan Bring U.S. Pharmaceutical Prices Down?

In recent months, the Trump administration has undertaken some efforts to lower U.S. drug prices. I'm skeptical that their approach will work, but nevertheless it involves a range of issues that interact in interesting ways. With the caveat that I'm not really an expert on
Simon Lester 20 Jul 2025 4 min read

What Are the Critics of China's WTO Entry Objecting To?

In recent years, there have been some prominent voices out there criticizing the decision to allow China to join the WTO. One thing I have trouble understanding is what the critics see as the counterfactual: How exactly do they think the United States (or the world) would be better off
Simon Lester 15 Jul 2025 3 min read

Guest Post: From Plenty to Protectionism: The Zero-Sum Logic Revisited

This is a guest post from João Felipe Achcar de Azambuja* and Paul Schiering** “I am a tariff man standing on a tariff platform.”[1] Being a tariff man was an important building block both for William McKinley and for Donald Trump to be elected U.S. President. But why
Simon Lester 10 Jul 2025 15 min read

How Many Trade Deals Do We Have So Far?

Back in April, with the 90 day pause on Trump's reciprocal tariffs scheduled to end at midnight on July 8, a Trump administration official suggested they could sign "90 deals in 90 days." At that time, I noted here on the blog that I had said
Simon Lester 09 Jul 2025 1 min read

Is Industrial Policy Undermining the Fight against Climate Change?

Todd Tucker has a new JIEL piece called "Towards a post-Trump order for the climate crisis." It has been a couple years since I've engaged with something from Todd, so I'm going to use this piece to try to revive our decades-long debates. Fingers
Simon Lester 06 Jul 2025 7 min read

What to Expect When You’re Expecting a Trade Deal

There is widespread speculation about trade agreements that may be coming in the next 10 days (or soon after), including their form and what they might contain.  What should we expect? The most reliable rumors are that some agreements have been drafted and are likely to be announced by the
Kathleen Claussen 30 Jun 2025 5 min read

The UK Joins the MPIA

The UK has just set out its new trade strategy, and one point in there is that it will be joining the MPIA: The WTO has an almost unique function to resolve trade disputes. That trade dispute system is busier than ever but, since 2019, it has lacked an appellate
Simon Lester 26 Jun 2025 2 min read

David Gantz: The Path Forward for North American Trade and Economic Integration

This is a post from David Gantz, Will Clayton Fellow, Baker Institute for Public Policy, Mexico Center; Samuel M. Fegtly Professor Emeritus, College of Law, the University of Arizona.  Part I: Introduction This report addresses the challenges to the continued viability of the United States-Mexico Canada Agreement (USMCA), and more
Simon Lester 25 Jun 2025 26 min read

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Beware the "Securitization" of Trade Policy

In recent years, U.S. trade policy has seen a creeping takeover by "security" concerns. The precise scope of these concerns is unclear, but they appear to cover both the traditional aspects of military-related security as well as the vague and amorphous concept of "economic security."
06 Oct 2025 4 min read

Stephen Miran on Tariffs and National Savings

In a speech earlier this week, Stephen Miran, who had been the Chair of the Council of Economic Advisers and is now a member of the Federal Reserve Board, made his case for a looser monetary policy. One aspect of his argument was that he thinks national savings will be
24 Sep 2025 4 min read

A GOP Tariff Working Group and Post-Trump U.S. Trade Politics

The Hill reported last week that a handful of pro-trade Republicans in Congress used some leverage during a vote about voting on tariffs – it's complicated, check out the details at the link for more! – to get a Republican working group on tariffs established: And [Tom] McClintock [R-CA] said
21 Sep 2025 4 min read

The Japan-U.S. Investment MOU: Centrally Planned Foreign Investment?

In the last post, Mona set out the basics of the Japan-U.S. MOU on "Strategic Investments" in the U.S. – or at least, a version of the MOU that was posted by the Japanese government online, although we don't know for sure if this is
14 Sep 2025 3 min read

Have the Japanese turned investment lemons into investment project lemonade?

Last week, the governments of the United States and Japan completed a Memorandum of Understanding (MOU) to flesh out the details of a $550 billion pledge to invest in the United States made as part of the bargain to ‘buy down’ the tariffs imposed on Japanese traded products.  For months,
11 Sep 2025 8 min read

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