Reciprocity and Retaliation in U.S. Trade Policy (Institute for International Economics) - Softcover

Bayard, Thomas

Softcover

ISBN 10: 0881320846 ISBN 13: 9780881320848

Publisher: Peterson Institute for International Economics, 1994

Synopsis

Should the United States use retaliatory threats to open foreign markets or deter unfair trading practices? This study reexamines the arguments for and against reciprocity and retaliatory threats in light of actual experience since early 1975, especially the United States' aggressive use of the section 301, special 301, and super 301 provisions of US trade law, which gives the president broad authority to retaliate against "unjustifiable, unreasonable, or discriminatory" foreign trade practices. It analyzes the advantages and disadvantages of these policies and the circumstances under which they are likely to succeed or fail.

About this title

About the Author

Kimberly Ann Elliott was a research associate at the Institute, and co-author of Economic Sanctions Reconsidered (second edition 1990) and Auction Quotas and United States Trade Policy (1987).

From the Back Cover

Should the United States use retaliatory threats to open foreign markets or deter unfair trading practices? This study reexamines the arguments for and against reciprocity and retaliatory threats in light of actual experience since early 1975, especially the United States' aggressive use of the section 301, special 301, and super 301 provisions of US trade law, which gives the president broad authority to retaliate against "unjustifiable, unreasonable, or discriminatory" foreign trade practices. It analyzes the advantages and disadvantages of these policies and the circumstances under which they are likely to succeed or fail. The study contains an empirical assessment of all section 301 cases concluded between 1975 and 1993. It also provides detailed case studies of various trade conflicts, including the super 301 negotiations involving Japan, Brazil, India, Taiwan, and Korea, financial services disputes with Japan and the European Union, the US-EU conflict over oilseeds, and the US-Japan beef and citrus negotiations. It concludes with an assessment of how the world trading system will change in the aftermath of the Uruguay Round of multilateral negotiations and why it is necessary and desirable for US policy to move from aggressive unilateralism to a strategy of aggressive multilateralism.

Edition details

• Publisher: Peterson Institute for International Economics
• Publication date: 1994
• Language: English
• ISBN 10: 0881320846
• ISBN 13: 9780881320848
• Binding: Paperback
• Number of pages: 503