Saturday, November 23, 2024

Related to Trade Policy

- Congressional Research Service: U.S. Trade Policy: Background and Current Issues.

- Office of the United States Trade Representative.

- Bretton Woods Conference.

- General Agreement on Tariffs and Trade.

- World Trade Organization.

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From AI Overview: 

The United States faces many challenges in its trade policy, including:

- Supply chain disruptions: The COVID-19 pandemic disrupted supply chains, which exposed vulnerabilities in the US's interdependence with the world.

- Trade frictions with China: The US has trade frictions with China, and some Americans are critical of China's global role.

- Russia-Ukraine war: The war in Ukraine has revealed vulnerabilities in the US's trade policy.

- Barriers to trade: Common barriers to trade include tariffs, quotas, embargoes, buy-national regulations, and exchange controls.

- Technical barriers to trade: Technical regulations can be used to restrict trade or limit the movement of innovative products.

- Unclear vision: The definition of US leadership on trade is unclear.

- Political extremes: Gerrymandering in drawing congressional and legislative districts empowers political extremes at the expense of the political middle.

- Unwinding a trade war: The benefits of protection are concentrated, while the costs are diffuse.