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Jamieson Greer on the Rules-Based International Order

At an Atlantic Council event yesterday, Greg Ip of the WSJ asked U.S. Trade Representative Jamieson Greer about how he sees the "rules-based international order" in the trading system these days
Simon Lester 11 Dec 2025 3 min read

Who Will be the MC (Master of Ceremony) of MC14?

1. The 2026 Version of the Bicycle Theory for Trade A few decades back, in separate publications, Fred C. Bergsten, and Jagdish Bhagwati referred to the “bicycle” theory of trade. In short, the idea was that steady (continuous) progress towards freer trade is essential. If not, political forces favoring protectionism
Petros Mavroidis 09 Dec 2025 6 min read

A New Central Organizing Principle for U.S. Trade

In the US Trade Regime class I teach with Matt Nicely, our unit on the regime’s import side has traditionally begun with a review of how the United States classifies trading partners … the “ordinary,” “preferred” and “rogue” categories associated with columns 1a, 1b and 2 (respectively) of the Harmonized
John Magnus 08 Dec 2025 2 min read

Three Explanations for the Foreign Investment Pledges

In recent months, President Trump and the Trump administration have been touting a $20 trillion or so figure that they say foreign companies/governments have pledged to invest in the U.S. I've had trouble figuring out what to make of all this, but I have three theories
Simon Lester 08 Dec 2025 4 min read

Economic Security in Trade Agreements: My Response to Geoff Gertz

Thanks to Geoff for laying out his vision of why economic security should be in trade agreements and how to bring it in. It won't surprise anyone to hear I have some additional comments and questions in response!
Simon Lester 04 Dec 2025 10 min read

Guest Post: The Case for Bringing Economic Security Priorities into U.S. Trade Agreements, Part II

This is a guest post from Geoffrey Gertz of the Center for a New American Security (CNAS), responding to my post on Economic and National Security Provisions in U.S. Trade Agreements An earlier post made the case for why the United States should bring economic security commitments into trade
Simon Lester 01 Dec 2025 3 min read

Tiptoeing into the Polycene:[1] Launch of the Integrated Forum on Climate Change and Trade

On November 7, during the Belém Climate Summit, President Luís Inácio Lula da Silva of Brazil launched the Integrated Forum on Climate Change and Trade (IFCCT).  The IFCCT is a recognition of the need to integrate trade policy and climate policy.  It is a “space for dialog” intended to “bring
Trachtman 26 Nov 2025 2 min read

Guest Post: The Case for Bringing Economic Security Priorities into U.S. Trade Agreements, Part I

Thanks to Simon for kickstarting a debate on the prospect of bringing economic security provisions into trade agreements, and for allowing me to respond here.
Simon Lester 26 Nov 2025 4 min read

Symposium on Tariffs and Trade Wars

Law professor Csongor István Nagy sends the following: Jointly organized by the ELTE Centre for Social Sciences, Institute for Legal Studies, the University of Galway’s LLM in International and Comparative Business Law, and the Hungarian Journal of Legal Studies, this hybrid symposium on December 2, 2025 offers insight into
Simon Lester 24 Nov 2025 1 min read

Exemplars vs. Precedents in WTO Law

As most of this blog's readers are aware, there has been controversy over the "permissible interpretation" language in the legal standard of review in AD Agreement Article 17.6(ii).
Simon Lester 20 Nov 2025 4 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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