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Trade and American Leadership

Trade and American Leadership

From the days of Alexander Hamilton to the trade wars of Donald Trump, trade policy has been a key instrument of American power and wealth. The open trading system that the United States sponsored after the Second World War serves US interests by promoting cooperation and prosperity, but also allows the allies to become more independent and China to rise. The case studies in Trade and American Leadership examine how the value of preferential trade programs is undercut by the multilateral liberalization that the United States promoted for generations, and how trade sanctions tend either to be too economically costly to impose or too modest to matter. These problems are exacerbated by a domestic political system in which the gains from trade are unevenly distributed, power is fragmented, and strategies are easily undermined. Trade and American Leadership places special emphasis on today's challenges, and the rising danger of economic nationalism.

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Author
Publisher Cambridge University Press
Release Date
ISBN 1108750443
Pages pages
Rating 4/5 (48 users)

Congressional leaders were also disappointed that the 1984 law addressed only some of their proposals, and hoped for another opportunity to amend the trade-remedy laws and promote a more aggressive reciprocity policy.

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