January 28, 2020
There is room for some reasonable amendments to the WTO’s dispute settlement and to rules relating to developing countries. Net benefits are unclear.
July 11, 2019
A weaker yuan softens the impact of U.S. tariffs on Chinese exports. But economic factors in China and the U.S. contribute to the change in the exchange rate.
May 14, 2019
U.S. consumers and the firms that make and buy goods subject to tariffs can all pay a portion of the tariff cost. Determining how much is an empirical question.
May 6, 2019
China moved from an exchange rate regime in which the yuan was pegged to the U.S. dollar to one in which the relationship between the currencies was looser. But the transformation has been bumpy.
August 3, 2018
Forced technology transfer occurs when foreign multinational companies have to provide strategically significant technology to an indigenous entity they do not control in order to gain access to the massive Chinese market. Firms lose a valuable asset and global innovation can be hampered.
July 25, 2018
China is targeted industries as it aims to increase Chinese innovation and upgrade the production methods used in manufacturing from labor-intensive to high-tech. The U.S. companies that compete with them are hurt. But, American consumers enjoy lower import prices, leaving Americans as a whole better off.
June 15, 2018
The United States has taken a series of unilateral trade measures against Canada, Mexico, the European Union, China, and other trade partners. The actions risk destroying the trading system administered by the World Trade Organization.
May 25, 2017
The bilateral trade deficit, which is based on gross values rather than value added, misrepresents the actual value of trade between two countrie
May 9, 2017
Do steel and aluminum imports threaten national security? The U.S. has initiated international trade investigations that could lead to new trade barriers.