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Beyond Doha’s Promises

Suppose that the current deadlock on the Doha trade talks has been broken as developed countries agreed on the dramatic reduction of agricultural tariffs and subsidies. Would such ostensibly generous concessions be automatically translated into poor countries’ enhanced market access to rich countries’ markets? I question this premise by observing
Sungjoon Cho 05 Mar 2007 1 min read

Comparative Currency Policy

At the risk of turning this into the "Asian Currency Blog," I came across the following piece by an AEI scholar: In a letter to Treasury Secretary Henry Paulson earlier this month, four leading Democratic congressman urged action to pressure the Japanese to strengthen the value of the
Simon Lester 05 Mar 2007 2 min read

Young Researchers Workshop on Science and Law: Call for Papers

The Institute for Advanced Interdisciplinary Studies (ISUFI) - University of Lecce and the Phd Programme in International Law and Economics - Bocconi University, Milan have announced a Young Researchers Workshop on Science and Law on Scientific evidence in International and European Law.  It will be held 31st May – 1st June
Simon Lester 28 Feb 2007 1 min read

What's Behind the China Currency Valuation Issue?

We've had a number of discussions on this blog about China's currency valuation and possible U.S. WTO complaints in this area.  For example, see here and here.  Now, via Dan Drezner, I see this piece by James K. Galbraith, which, in the context of discussing
Simon Lester 27 Feb 2007 2 min read

Petersmann Times Three

Three new papers by Ernst-Ulrich Petersmann have just been posted at SSRN, and all look quite interesting.  They are as follows: 1. Multi-Level Judicial Trade Governance without Justice? On the Role of Domestic Courts in the WTO Legal and Dispute Settlement System 2. Justice in International Economic Law? From the
Simon Lester 25 Feb 2007 1 min read

Undervaluation of the Yuan and the Big Mac Index

In any potential legal case against the Chinese Yuan, the measure of its alleged undervaluation is critical because of the necessary demonstration of the benefit criterion in a subsidy context. Moreover, in a CVD context, the countervailing duty must not be superior to the benefit inherent in the subsidy. In
Marc Benitah 23 Feb 2007 1 min read

Labor Standards in Trade Agreements: A Minimum Wage?

Robert Reich proposes putting labor standards in trade agreements, which is nothing new, except for this part: Encourage developing nations to raise their labor standards as their economies grow. The easiest way to do this is to require that they set a minimum wage that's half their median
Simon Lester 21 Feb 2007 1 min read

So New? The New Young New Haven School?

Yale Journal of International Law's fifth annual Young Scholars Conference will take place March 10 in New Haven.  The topic is The New New Haven School of International Law. They didn't have young scholars conferences when I was young.  Not that I'm jealous . . . .
Trachtman 21 Feb 2007 1 min read

Is the WTO Dispute Settlement System "Fair": A Debate

Dan Ikenson of the Cato Institute and Robert Lighthizer of Skadden debate the fairness of the WTO dispute settlement system at CFR's web site.  Some excerpts: Ikenson: ... under what other international arrangements can a tiny country like Antigua and Barbuda win condemnation—and, in all likelihood, compel reform—
Simon Lester 20 Feb 2007 1 min read

Globalization of NASCAR

This is likely to be my first and only post about NASCAR. Reading my local paper today (the Palm Beach Post), I was struck by an article entitled "Toyota facing chilly reception in some NASCAR circles."  Apparently, Toyota has now entered some cars (they are a version of
Simon Lester 18 Feb 2007 3 min read

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International Economic Law and Policy Blog

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Tracking Goods Exports under the Trump Administration's Trade Policies

My sense is that one of the reasons some traditionally pro-trade members of Congress have continued to support Trump's trade policies, despite misgivings they may have about tariffs, is because they hope these policies will pry open foreign markets, leading to increased US exports.
07 May 2026 8 min read

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

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