Trade

China’s Agricultural Import Commitments: Inefficient “Managed” Trade?

Jul 21, 2020

In light of the sectors targeted by China’s retaliatory tariffs against U.S. imports, it is not surprising that agriculture was a critical component of the Phase One Trade Agreement between the U.S. and China, that went into effect on February 14, 2020.   Specifically, China committed to purchasing an additional $12.5 and $19.5 billion worth of U.S. agricultural products above 2017 levels in 2020 and 2021, respectively, implying total agricultural imports of $36.5 billion in 2020 and $43.5 billion in 2021 (see Section 6-1 of the Agreement). Essentially, these commitments by China constitute a voluntary import expansion (VIE), harking back to the era of so-called “managed” trade between the U.S. and Japan in the 1980s (Bown and Keynes, 2020).

Agricultural exports doing relatively well

Jul 1, 2020

Though the COVID-19 pandemic has cut demand for many U.S. products, agricultural exports are holding up well, according to a new analysis by an agricultural economist with The Ohio State University. 

U.S. Withdrawal from Trans Pacific Partnership (TPP) Hurts U.S., Benefits China

Dec 31, 2018

Abandoning Strategic and Economic Goals of TPP Has Consequences

When the United States withdrew from Trans Pacific Partnership (TPP), it forfeited strategic advantages and economic benefits that would likely have emerged through the mega trade deal and partnership with 11 other economies, according to findings presented in a new study.

Could the U.S. Rejoin the Transpacific Partnership?

Apr 16, 2018

AEDE's Ian Sheldon joins Joshua Meltzer, Senior Fellow in Global Economy and Development at the Brookings Institute to discuss President Trump's willingness to revisit the Trans Pacific Partnership TPP.