Found 20 article(s) for author 'global trade'

Can the Trading System Survive US–China Trade Friction?

Can the Trading System Survive US–China Trade Friction? Robert Lawrence, September 13, 2018, Paper, “Donald Trump has sought to change US trading relationships by raising protection at home and taxing the offshore activities of US companies abroad. These measures, which both use and violate trade rules, have provoked retaliation from other countries. Such friction has restricted and distorted trade and investment, undermined the rules‐based trading system and perhaps permanently damaged global value chains that depend on stable rules for market access. Trump has justified some of his measures as a response to China’s alleged unfair practices and indeed, China has adopted industrial and technology policies that are formally neutral between domestic and foreign firms but in practice have led foreign firms to complain about discriminatory practices that favor Chinese firms.Link

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U.S. Should Use Allies, WTO, To Combat China On Trade

U.S. Should Use Allies, WTO, To Combat China On Trade. Robert Lawrence, July 9, 2018, Audio, “GUEST: Robert Lawrence, Professor of International Trade and Investment at Harvard Kennedy School and former economic advisor to President Bill Clinton, on the global supply chain and whether trade globalization can be undone at this point.Link

 

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U.S. tariffs boost trade tensions and protectionist theory

U.S. tariffs boost trade tensions and protectionist theory. Jeffry Frieden, June 14, 2018, Audio, “In the potential tariff war between China and the United States, each state is choosing to protect different sectors. Which is right? And is there a way for a country to engage in “good” protectionism for its own interests? First off, economists in general agree that tariffs should be avoided because they bring costly trade-offs. If a country taxes imported sneakers, for instance, it helps domestic shoemakers but deprives shoe buyers of the best, low-price kicks.Link

 

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The Republicans’ Protectionist Pedigree

The Republicans’ Protectionist Pedigree. Jeffrey Frankel, June 13, 2018, Opinion, “In recent decades, US Republicans have tended to embrace free trade more willingly than US Democrats. But, during most of its first century, the Republican Party was protectionist in both word and deed, and it has elected the four most aggressively protectionist presidents of the last 50 years.Link

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Foreword: International Tax Policy in a Disruptive Environment

Foreword: International Tax Policy in a Disruptive Environment. Stephen Shay, May 2018, Paper, “In this foreword to International Tax Policy in a Disruptive Environment: A Special Issue, the authors provide an overview of the two-day interdisciplinary conference that took place in Munich on 14-15 December 2017, and offer a synopsis of the articles in this special edition of the Bulletin for International Taxation. The authors offer preliminary observations based on the conference and papers, including that despite its successes the BEPS Project has left unfinished business. In the face of reduced residence-based taxation of direct investment and tax competition for mobile activity and real investment, countries have yet to reach consensus on a residence-source or destination-based division of taxation rights.Link

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China’s strong retaliation to Trump’s tariffs could trigger global trade war

China’s strong retaliation to Trump’s tariffs could trigger global trade war. Gita Gopinath, March 24, 2018, Video, “President Donald Trump’s decision to impose tariffs is worrying — that’s the word coming in from Economics Professor at Harvard and Financial Advisor to Kerala Government, Gita Gopinath. Speaking exclusively to Shereen Bhan, Gita said that we may be at the brink of a trade war if China strongly retaliates against Trump’s decision. She added that India will also be affected with this tariff imposition in long term.Link

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The Real Reason for Trump’s Steel and Aluminum Tariffs

The Real Reason for Trump’s Steel and Aluminum Tariffs. Martin Feldstein, March 15, 2018, Opinion, “The Trump administration’s proposed tariffs on steel and aluminum imports will target China, but not the way most observers believe. For the US, the most important bilateral trade issue has nothing to do with the Chinese authorities’ failure to reduce excess steel capacity, as promised, and stop subsidizing exports.Link

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Trump’s Trade Gimmickry

Trump’s Trade Gimmickry. Dani Rodrik, March 9, 2018, Opinion, “The imbalances and inequities generated by the global economy cannot be tackled by protecting a few politically well-connected industries, using manifestly ridiculous national security considerations as an excuse. Such protectionism is a gimmick, not a serious agenda for trade reform.Link

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Competitive effects of trade: theory and measurement

Competitive effects of trade: theory and measurement. Marc Melitz, February 2018, Paper, “In this paper, I develop a simple model of heterogeneous exporters to a single destination. This model highlights how the response of producer markups to market-level changes in that destination are intrinsically tied to the induced reallocation of export sales to that destination. I discuss how additional assumptions on the shape of demand (originally advocated by Alfred Marshall as his second law of demand) generate specific predictions for the response of those markups and induced product reallocations to increases in market size and competition in a destination: markups fall and market shares are reallocated towards better performing products.Link

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