which came first

Which Came First, NAFTA or Avocado Toast?

Before NAFTA went into effect, Americans ate around one pound of avocados per person each year. Today, 82 percent of the avocados we consume in the United States arrive here from Mexico.

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Afghanistan accession

The WTO Supports Economic Resolutions

New WTO members Afghanistan and Liberia are cheerleaders for other countries seeking WTO membership, including Iraq, Somalia and Timor-Leste. These countries are resolved to rebuild their post-conflict economies and believe that making commitments in the WTO will undergird necessary, but difficult, economic reforms at home.

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concluding MC10

GATT Rounds: Who, What, When

In 1944, the global economy was in shambles. Forty-four nations gathered in Bretton Woods, New Hampshire, to discuss how to rebuild an economy devastated by protracted depression and two World Wars. From these discussions emerged a 1947 agreement on a lasting framework for post-war commercial relations whereby trade barriers were contained and then gradually reduced over time.

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Emoji Head Woman using smart phone

Americans Can Smile About Their Place in the Global Economy

The global production of goods can be charted by each stage at which activity occurs and value is added. The great news is that Americans excel at the activities on the production curve that require the most creativity and know-how, and that generate the most profit.

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global-taxation_25797003

Trade Agreements Take a Back Seat in the Great International Tax Race

The U.S. Congress is set to consider the first major reform of the U.S. tax code in decades. The proposed Tax Cuts and Jobs Act released on November 2 by House Speaker Paul Ryan (R-WI) and House Ways and Means Committee Republican Members features significant changes to the way U.S. corporations are taxed and carries implications for how they compete around the world.

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rising steps made of rolls of all american dollar banknotes

The Fall 2017 FX Report: Reading Between the Lines

Twice a year, the U.S. Treasury Department issues a report required by Congress that assesses the foreign exchange policies of our major trading partners. Our experts break down the key take-aways from the latest FX Report.

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Basket with towels

Four Reasons Consumers Might Think Safeguards are the Dirty Laundry of Trade Policy

Safeguards are designed to help domestic producers adjust to competition, but there at least four reasons they don't help the American consumer. Two high profile petitions will test how the administration deals with these competing concerns.

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North Korea-China Trade Ties: North Korea’s Life Jacket is Becoming China’s Straight Jacket

The North Korean regime continues to amass missile and nuclear technologies, through a combination of global licit and illicit transactions. North Korea trades for currency, for fuel, and for military materiel to preserve its power. Will expanded sanctions choke off revenue for weapons programs, or will continued trade ties with China throw North Korea a lifeline?

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Abstract car and many vehicles parts

Sorting Product Origin to Secure the Benefits of Trade Agreements

Trade agreements offer a variety of benefits, most notably tariff cuts – but only to goods that qualify. Rules of origin serve that gatekeeper function, aiming to ensure that the benefits of trade agreements go to the goods of the parties.

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