Expert commentary on the law, politics and economics of international trade and investment
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It's interesting to watch how political leaders craft narratives around economic competition that reflect their own country's strengths and weaknesses.
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This is an exchange in a recent conversation between former U.S. Trade Representative Robert Lighthizer and Gerald Butts of the Eurasia Group:
Butts: And just to be clear about this, because I think it's a really important point, and this is one point we definitely agree
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Earlier this week, Simon Lester posted about the EU’s concerns with the undervaluation of the Chinese currency. He situated the recent demands for trade restrictions against a longstanding debate about the function of GATT Article XV:4.
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An important element of the piece by Sander Tordoir and Brad Setser that I talked about in my last post was their argument that the EU should address Chinese currency undervaluation.
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Recently, economists Sander Tordoir and Brad Setser suggested that the EU may need its own version of Section 301 in order to "confront China’s systemic distortions beyond piecemeal trade defence."