A World Trading System for the Twenty-First Century

Staiger, Robert W.

doi:10.2139/ssrn.3875114

Cited by 3 publications

(10 citation statements)

References 81 publications

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“…A total of $24.3 billion in net production gains and $65 billion in tariff revenue were estimated. To put it another way, the country lost $24.9 billion ($114.2 billion -net production gains and tariff income) (Staiger, 2021). Thus, the trade war was detrimental to the United States.…”

Section: The Outcomes Of Trump's Protectionist Policymentioning

confidence: 99%

U.S.-CHINA Relations in the Era of Multi-Polarism: Trade War Between the Two Economic Giants

Zreik¹

2022

ERJ

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The great Chinese economic progress has become a source of concern to the United States, so former U.S. President Donald Trump announced the trade war to curb and slow Chinese economic progress following the vision of the U.S. The Trump administration has highlighted economic protectionism against what he calls “unfairness.” Still, it is becoming inevitable that applying this strategy is no longer viable in current foreign policy, given that the world is no longer unipolar and that the U.S. is defying fierce competition by China. A major economic powerhouse. This research paper comprehensively discusses the historical evolution of events that made China a major player, the direction the U.S. has followed in adapting to such change, and the new balance of power-driven by emerging markets. This academic work will aim to understand how the U.S.-International role is redefined under the grasp of China evolved and enhanced international trade dominance. The study will mainly target how the trade war between the two giants may proceed to the next level and create serious international trade challenges.

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Section: The Outcomes Of Trump's Protectionist Policymentioning

confidence: 99%

U.S.-CHINA Relations in the Era of Multi-Polarism: Trade War Between the Two Economic Giants

Zreik¹

2022

ERJ

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“…And the rules can be very important to the outcome. This paper, composed of a selection of chapters drawn from a longer monograph (Staiger, 2021), is about the rules that guided the global economy of the twentieth century, how those rules came about, the logic of their design, their successes and failures, and whether they are adequate for the twenty-…rst century.…”

Section: Introductionmentioning

confidence: 99%

“…In this introductory chapter I sketch in broad and intuitive terms the main themes that I develop in greater detail in later chapters here and more fully in Staiger (2021). While those chapters provide the technical detail necessary for the formal arguments that underpin many of the statements that I make here, my intent in this chapter is to provide an overview of these themes at a level that would be accessible to anyone with an undergraduate Econ 1 background.…”

Section: Introductionmentioning

confidence: 99%

“…1 As such, there are no equations in this chapter, and there is nothing beyond the bare minimum in terms of formal notation. Nor have I included in this chapter the quali…cations that a careful treatment would demand or citations to the relevant literature (beyond citations for a reproduced …gure or quotation): those also appear in later chapters here and in Staiger (2021). Instead, in this chapter there are only words, graphs and a few plots of data to convey the main ideas.…”

Section: Introductionmentioning

confidence: 99%

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A World Trading System for the Twenty-First Century

Staiger¹

2021

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“…The argument involves building on the use of nonviolation nullification and impairment complaints to enforce the market access implications of commitments(Staiger and Sykes, 2013, 2017).…”

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confidence: 99%

Trump Ended WTO Dispute Settlement. Trade Remedies are Needed to Fix it

Bown

2022

World Trade Review

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Unhappy with the rulings of the WTO dispute settlement system, which disproportionately targeted US use of trade remedies, the United States ended the entire system in 2019. There are multiple hurdles to agreeing to new terms of trade remedy use and thus potentially restoring some form of binding dispute settlement. First, a change would affect access to policy flexibility by the now large number of users of trade remedies. Second, although China's exports are the overwhelming target of trade remedies, exporters in other countries increasingly find themselves caught up in trade remedy actions linked to China. Third, critical differences posed by China's economic model may call for new rules for trade remedies, but no consensus on those rules has emerged. Even some of the most promising reforms have practical limitations, create additional challenges, or may be politically unviable.

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A World Trading System for the Twenty-First Century

Cited by 3 publications

References 81 publications

U.S.-CHINA Relations in the Era of Multi-Polarism: Trade War Between the Two Economic Giants

U.S.-CHINA Relations in the Era of Multi-Polarism: Trade War Between the Two Economic Giants

A World Trading System for the Twenty-First Century

Trump Ended WTO Dispute Settlement. Trade Remedies are Needed to Fix it

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