Some Questions about the Cambodia and Malaysia Trade Deals The White House released the texts of trade agreements with Cambodia and Malaysia today. I have lots of questions about this.
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,
EU Security Concerns and the U.S.-EU Trade Deal A little while back, I asked the question "To What Extent Are the Trade Negotiations about Security?" At that time, we were starting to get hints about the relevance of the Ukraine war to the U.S.-EU trade negotiations. In the last week or two, we've been getting more clarity on this.
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
A Few Questions and Answers (and Then More Questions) about Trump's Trade Deals As part of the questions for the record for U.S. Trade Rep. Jamieson Greer after he testified before the Senate Finance Committee on April 8, there was an interesting exchange between Senator Ron Wyden (D-OR) and Greer related to any trade deals resulting from the IEEPA "reciprocal"
The "General Terms" of the U.S.-UK Trade Deal: A Few Answers, Still Lots of Questions On Thursday, U.S. and UK officials held a press conference on a new trade deal, and issued some press releases, remarks, and fact sheets, as well as a "General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity
Fit for Whose Purpose?: How Panelists Interpret Labor Rights in Trade, and What That Tells Us about the Trade/Labor Relationship While many of us were celebrating the holidays with family, an important law review article dropped silently and inconspicuously into the fray. That article, Fit for Purpose: The Extent and Enforcement of International Trade Agreement Labor Obligations After Guatemala – Labor Obligations Decision, was written by Professor Kevin Banks, who served
Biden’s Worker-Centered Trade Policy: Whose Workers? As Simon mentioned in an earlier post, various labor-related complaints and requests under USMCA are “heating up.” This activity reinforces the Biden Administration’s new “worker-centered trade policy” that, according to USTR Ambassador Katherine Tai, “will foster broad-based, equitable growth, increase innovation, and give workers a seat at the table.
Questions (and Perhaps Some Answers) on the US-Japan Trade Agreement and GATT Article XXIV I've heard it said informally that the U.S. - Japan trade agreement is an "interim agreement" under GATT Article XXIV:5. But I haven't seen either party make an official statement to that effect. It looks like members of Congress may be pressing
The U.S.-Japan Trade Deal: Can a Political Agreement Liberalize Trade Without Institutions? The U.S. - Japan trade deal was signed today. USTR provides the legal texts here. Based on the various fact sheets, it looks like the agreement contains a modest amount of tariff liberalization. Let's look briefly at what's in the deal, focusing on four questions: