Louisville Assembly Plant employees work to assemble the new 2013 Ford Escape on the production line in Louisville, Kentucky, June 13, 2012. REUTERS/John Sommers II/File Photo
Image Source: 
REUTERS/John Sommers II
Featured

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.

Read Foreign Affairs article

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.

Photo Credit: 
REUTERS/John Sommers II