Krugman (1991, 1997) argues that international trade negotiations are based on mercantilist rules. Bhagwati (1988, 1995) highlights how nations are obsessed with reciprocity in their bargaining. Based on studying the trade negotiations process and the results of the Uruguay Round, we provide...

This paper provides a simple comparative analysis of Japanese and U.S. trade with China. In recent years, Japanese exports to China had been growing faster than U.S. exports, but Japanese imports from China had been growing more slowly. A large amount of U.S. and Japanese exports were first...