via Foreign Affairs
In a point-by-point rebuttal to Robert Lighthizer, the top US trade envoy, Chad P. Bown explains how the Trump administration’s trade policies—tariffs on imported steel, renegotiation of NAFTA, the trade war with China, and emasculating the World Trade Organization (WTO)—have all backfired. Far from prioritizing “the dignity of work,” as Lighthizer asserts, Bown argues these actions have cost jobs and pitted American workers against each other, while raising prices and harming US exports. The WTO is now unable to adjudicate legitimate US trade grievances. On top of all that, the administration’s policies have strengthened state control of China’s economy.
The Peterson Institute for International Economics building is closed to staff and visitors until further notice. All PIIE personnel are working remotely, with access to telephone messages.