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  1. The first part, organized into four time periods, examines the key steps and results of U.S. trade policy since 1934. The second part summarizes the economic literature on the effects of trade liberalization, with brief discussions of economic theories and their quantitative implications.

  2. This survey reviews the broad changes in U.S. trade policy over the course of the nation’s history. Import tariffs have been the main instrument of trade policy and have had three main purposes: to

  3. It covers trade liberalization under the Reciprocal Trade Agreements Program, 1934–1962; significant multilateral reductions in tariffs and nontariff trade barriers but with selective protectionism, 1962–1994; and the post-Uruguay Round period.

  4. 21 Φεβ 2024 · Legislative efforts in the 118th Congress involve aims to boost U.S. innovation, production and supply chain resiliency in strategic sectors, and restrict certain trade and investment with the People’s Republic of China (PRC or China) and Russia (e.g., through sanctions).

  5. This chapter reviews the evolution of US foreign trade and trade policy from the colonial period to the present. International trade has been a small but important part of the US economy throughout the country’s history. The Constitution gives Congress the authority to levy import duties.

  6. assessments of its historic focus on trade liberalization; U.S. leadership in the rules-based global trading system, allies on trade issues of shared concern;

  7. 21 Δεκ 2016 · Strategic trade policy refers to trade policy that affects the outcome of strategic interactions between firms in an actual or potential international oligopoly. A main idea is that trade policies can raise domestic welfare by shifting profits from foreign to domestic firms.

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