TradeVistas seeks to engage readers in ways that relate trade to our own lives and communities. Advances in technology and transportation have made it easier than ever for us to exchange products, services, and ideas with anyone anywhere the world. But as familiar as it is in our daily lives, few issues are as heated – or as fraught with conflicting information – as the current debate over trade. And it’s not a national conversation, it’s a global conversation.
Our primary goal with this site is not to advocate for or against any particular trade policy, but to provide a fact-based context in which to understand this broader debate. We also hope that the ideas we share and generate with your help will spark policy innovation in the ever evolving landscape of trade policy. The Hinrich Foundation research team contributes to the editorial content of TradeVistas.
10 October, 2019
On October 2, a World Trade Organization (WTO) arbitrator rendered a decision that authorizes the United States to apply retaliatory tariffs on as much as $7.5 billion worth of European exports each year until WTO-illegal European subsidies to its aircraft industry are removed. The U.S. administration is reportedly considering what is known as “carousel” retaliation – a regular rotation of goods targeted for tariffs, designed to impose maximum pain. The United States and Europe have been on this ride before.
25 October, 2019
Many American farmers and ranchers breathed a sigh of relief when the United States and Japan formally signed a U.S.-Japan Trade Agreement in September. Billed as the first phase of a more comprehensive trade deal, the Agreement establishes standards to promote digital trade and provides Japanese exporters with improved market access for certain industrial products. In return, Japan agreed to slash tariffs on a wide range of food and agriculture exports – a key outcome for the U.S. agriculture community.
25 October, 2019
It’s possible the United States and China will ink a partial deal in the coming weeks that provides relief for American soybean farmers. China has reportedly promised to purchase $40 billion to $50 billion in U.S. agricultural goods, which would be scaled up annually. As American farmers wait and watch the trade war, they are surely thinking about how to plant around these disruptions in outer growing years. When the tariffs are permanently removed, it will remain to be seen whether trading patterns will also have permanently shifted.
Download these helpful infographics to get a visual overview of key global trade topics and issues.