International Economic Law and Policy Blog (Page 5)

International Economic Law and Policy Blog

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Why Haven't the Tariffs Had More Impact on the Economy?

Dan Drezner recently noted the following in relation to why the Trump tariffs haven't had a more negative impact on the U.S. economy: What about the overall effect of Trump’s tariffs on the U.S. economy? As to that question, a separate Ana Swanson story provides

Is this the end of MFN as we know it? The EU submission on WTO reform and the meaning of development

With the release of the EU submission on WTO reform, it has become clear that the MFN principle’s central role within the WTO architecture is under challenge. As a keystone, it risks the entire bridge falling. Even if the foundations are retained but deemed outdated or unusable, and a

The EU on Policy Space

In the EU submission on WTO Reform that I mentioned yesterday, there was this suggestion on "policy space": In the context of overall strengthening of rules, there should be openness to examine targeted adjustments for policy space. A balance needs to be found between the effectiveness of the

Asking China To Liberalize More at the WTO

Back in 2018, I wrote a piece with my colleague Huan Zhu arguing that China had become much wealthier since it joined the WTO, and therefore should take on greater liberalization commitments: With greater wealth comes greater responsibility. Even if it continues to maintain its “developing” status, as China’s

Guest Post: President Trump Cannot Legally Impose Tariffs Using Section 122 of the Trade Act of 1974

If the Supreme Court strikes down nonreciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA), the Trump Administration reportedly plans to re-impose some of the tariffs by citing authorities in other laws.

Can "Geopolitical" Tariffs Be Dealt With through Trade Deals?

Last Friday, U.S. Trade Rep. Jamieson Greer was asked about Trump's initial suggestion of tariffs related to the goal of taking over Greenland

Call for Submissions: Trade, Law and Development

This is from the editors of the Trade, Law and Development journal: The Board of Editors of TL&D is pleased to invite original, unpublished manuscripts for publication in the General Issue of the Journal (Vol. XVII, No. 2) in the form of ‘Articles’, ‘Notes’, ‘Comments’ and ‘Book Reviews’

Katherine Tai on WTO Dispute Settlement Reform

Back in November, former U.S. Trade Rep. Katherine Tai spoke on a panel at Harvard (I just stumbled on the video recently). Towards the end, she responded as follows to a question about the Appellate Body appointments crisis (1:08:32 of the video): On the Appellate Body, ... if

Essays in Honour of Valerie Hughes: Appellate Review, WTO Secretariat Handling FTA Disputes, and Much More

Nicolas Lamp recently put together a book honoring the great Valerie Hughes: "Reckoning and Renewal: The World Trade Organization and Its Dispute Settlement System at 30, Essays in Honour of Valerie Hughes."

Some Interesting Provisions in the EU-Mercosur Interim Trade Agreement DS Chapter

We appear to be moving closer to a completed EU-Mercosur trade agreement, with the European Council announcing last week that it had "adopted two decisions authorising the signature of the EU-Mercosur Partnership Agreement (EMPA) and of the Interim Trade Agreement (iTA) between the EU and Mercosur." It also