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viii

Contents

Forms of Dumping ................................ 170 International Price Discrimination ............ 170 Antidumping Regulations ........................... 173

Smith Corona Finds Antidumping Victories Are Hollow .............................. 174

Should Antidumping Law Reflect Currency Fluctuations? ........................................ 177

Are Antidumping Duties Overused? ........... 178 Other Nontariff Trade Barriers .................... 178 Government Procurement Policies ............. 179

Canadians Press Washington Apple Producers for Level Playing Field .............. 174

U.S. Fiscal Stimulus and Buy American Legislation ........................................... 180

Swimming Upstream: The Case of Vietnamese Catfish ................................ 175

Is Antidumping Law Unfair? ....................... 176

Should Average Variable Cost Be the Yardstick for Defining Dumping? .............. 176

Social Regulations .................................. 180 Sea Transport and Freight Regulations ....... 182 Summary ................................................ 183 Key Concepts & Terms .............................. 184 Study Questions ....................................... 184

CHAPTER 6

Trade Regulations and Industrial Policies .......................................... 187

U.S. Tariff Policies Before 1930 .................... Smoot-Hawley Act .................................... Reciprocal Trade Agreements Act ................. General Agreement on Tariffs and Trade .......

Trade Without Discrimination ................. Promoting Freer Trade ...........................

187 188 190 190 191 192

Predictability: Through Binding and Transparency .................................

193 193 195 196

Multilateral Trade Negotiations ................ World Trade Organization .......................... Settling Trade Disputes ...........................

Does the WTO Reduce National Sovereignty? .........................................

197

Should Retaliatory Tariffs Be Used for WTO Enforcement? ............................... 198

Does the WTO Harm the Environment? ....................................... 199

U.S. Safeguards Limit Surging Imports of Textiles from China ............................ 205

Countervailing Duties: Protection Against Foreign Export Subsidies ............................ 206

Lumber Duties Hammer Home Buyers ....... 207

Antidumping Duties: Protection Against Foreign Dumping ..................................... 207

Remedies Against Dumped and Subsidized Imports ................................ 209

U.S. Steel Companies Lose an Unfair Trade Case and Still Win ........................ 211

Section 301: Protection Against Unfair Trading Practices ...................................... 212

Protection of Intellectual Property Rights ....... 213 Trade Adjustment Assistance ....................... 215

Will Wage and Health Insurance Make Free Trade More Acceptable to Workers? ............. 216

Industrial Policies of the United States ........... 218

Burning Rubber: Obamas Tire Tariff Ignites Chinese Officials ......................... 201

From Doha To Hong Kong: Failed Trade Negotiations ............................................ 202

Trade Promotion Authority (Fast-Track Authority) ............................... 203

Safeguards (The Escape Clause): Emergency Protection From Imports ............................ 203

Export Promotion and Financing .............. 219 Industrial Policies of Japan .......................... 220 Strategic Trade Policy ................................ 221 Economic Sanctions .................................. 223

Factors Influencing the Success of Sanctions ......................................... 225

Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

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