The Trump Administration is proceeding with unilateral measures to address what it has characterized as “unfair” trade, risking retaliation, but banking on a threat of massive escalation to extract a favorable outcome for itself. Notwithstanding widespread speculation that the threats to...

For apparently irreconcilable domestic political reasons, the United States is an outlier amongst economically advanced countries as the only one that does not have a value added tax (VAT), which is the conventional and WTO-sanctioned approach to applying an economically efficient and...

The Trump administration's swift exit from the TPP has clearly not killed the deal as the remaining signatories consider whether to move ahead without the United States. While the overall impact of the deal would be lower without the U.S., the 11 remaining countries are better off with a TPP11...

We assess the outcomes for the negotiating parties in the Trans-Pacific Partnership (TPP) if the TPP11 go ahead with the agreement as negotiated without the United States, as compared to the outcomes under the TPP12 agreement as signed in October 2016. Both the TPP11 and TPP12 are assessed on...

Taiwan has indicated its interest in joining the Trans-Pacific Partnership Agreement. In this report, we evaluate the implications of Taiwan's accession for the United States to inform the negotiation process. We consider the sectoral export prospects for U.S. industry and provide estimates of...

This paper analyzes the impact on the U.S. economy of Taiwan's accession to the Trans-Pacific Partnership (TPP) Agreement. While the TPP is to be concluded by the twelve current negotiating parties, other regional economies will be able to join, consistent with APEC's endorsement of the TPP as a...

Canada and the United States are highly similar economies, as would be expected given the many common historical influences on economic policy and regulation, the shared geography and the high degree of economic interaction, amplified powerfully in recent decades by the 1989 Canada-US Free Trade...

The long trade peace that took hold with the signing of the General Agreement on Tariffs and Trade (GATT) on 30 October 1947 is over. As of mid-2018, the world is embroiled in a trade war of global dimensions. This note charts the path to trade war, discusses U.S.policy aims and its trading...

The Trump Administration has pursued a sharply different – and for its trade partners unsettling – trade policy from that followed by the United States in the postwar period. While much attention has been focussed on the oftentimes contradictory, oftentimes theoretically unfounded, and...