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Trade in Everything: International Shopping

The Boston Globe reports: ... America is one big discount bin, thanks to a weak dollar that slid this week to another record low against the euro. As a result, tourists are spending thousands to travel to the United States to snag blockbuster bargains on everything from iPods to designer clothes
Simon Lester 24 Nov 2007 1 min read

What Happens in Vegas ...

We may see another WTO complaint by Antigua if this comes to pass: ... while a seemingly endless debate rages on in Congress over whether to legalize Internet gambling nationwide, some gaming interests are pursuing a different tack by appealing to Nevada regulators with the power to allow and oversee online
Simon Lester 23 Nov 2007 1 min read

Appellate Body Update

A little news about the Appellate Body situation: Taiwan's decision to block the appointment of a Chinese judge to the World Trade Organisation's top court threatens an institutional crisis, a key official warned. ... 'I'm extremely concerned that if the situation persists much longer
Simon Lester 23 Nov 2007 1 min read

"China's currency is undervalued and increased flexibility is 'essential' ...'"

No, that's not a quote from a U.S. Senator, but from a member of the People's Bank of China's monetary policy committee.  Here's more from a Bloomberg article: China's yuan rose beyond 7.4 to the dollar for the
Simon Lester 22 Nov 2007 1 min read

A Subsidy-Free Thanksgiving

I don't have a link for this because it came in an email (from AEI): America ’s farmers are highly productive, as Thursday’s Thanksgiving meal demonstrates. The Census Bureau reports that U.S. farmers this year will raise 272 million turkeys and produce 690 million pounds of
Simon Lester 22 Nov 2007 1 min read

The Carbon Border Tax in Reverse?

Most of the talk about carbon border taxes involves imposing taxes/charges in a manner that might discriminate against China and other developing countries.  But could China impose a border tax of its own?  They might not be there quite yet, but they seem to be thinking about these kinds
Simon Lester 21 Nov 2007 1 min read

More Criticism of the VAT Versus Income Tax Distinction

As noted in an earlier post, I don't know if this issue is building up momentum, but I seem to be coming across it quite a bit.  This is from an op-ed in the Boston Globe: The second core problem is hidden foreign tariffs called value-added taxes, or
Simon Lester 21 Nov 2007 1 min read

Teson on Trade

Fernando Teson (with co-author Jonathan Klick) has an interesting take on trade and global justice. See here. This is the abstract: "Economists generally agree that free trade leads to economic growth. This proposition is supported both by theoretical models and empirical data. Further, while the empirical evidence is more
Tomer Broude 20 Nov 2007 1 min read

Appellate Body Appointments Blocked

Diplomatic maneuvering of some sort: Taiwan on Monday blocked a World Trade Organization meeting that would have appointed new judges to the WTO appeals body, including the first Chinese member. Chinese attorney Yuejiao Zhang appeared set for nomination to the seven-member panel until Taiwan made the rare move of forcing
Simon Lester 19 Nov 2007 3 min read

The Economist on Carbon Border Measures

The Economist has two articles this week on the America's Climate Security Act (ACSA), a bill in the U.S. Senate.  They are generally in favor of its goals (reduction of greenhouses gases through a cap-and-trade scheme), but have a concern about one aspect of it.  In one
Simon Lester 18 Nov 2007 2 min read

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Could Congress Extend the USMCA for Another Term?

People have been assuming that the decision on whether to extend the USMCA for another term is up to President Trump, but based on the language of the USMCA related to the upcoming joint review, could Congress actually have the power to make this decision on its own?
04 May 2026 4 min read

Is There No Going Back on Trade? What Is the Path Forward? A Response to Lighthizer

Former U.S. Trade Rep. Bob Lighthizer has a new essay in Foreign Affairs, and I have some thoughts. I'm going to start with his brief big picture points on the direction of U.S. trade policy, and then go through a couple of the specific concepts he emphasizes.
27 Apr 2026 6 min read

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

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