EU Agricultural Domestic Support: Overview and Comparison with the United States

The European Union (EU) is one of the United States’ chief agricultural trading partners and a major competitor in world markets. Historically, the United States and the EU have provided significant government support for their agricultural sectors. Significant structural differences in their respective farm sectors have helped to shape differences in their farm policy. The… Continue Reading EU Agricultural Domestic Support: Overview and Comparison with the United States

EU Digital Policy and International Trade

A “Europe fit for the digital age” is a top European Union (EU) priority and a key part of EU economic recovery efforts from the Coronavirus Disease 2019 (COVID-19) pandemic. Under the European Commission’s digital policy roadmap, “Shaping Europe’s Digital Future,” the EU aims to strengthen the EU economy and improve the region’s digital competitiveness,… Continue Reading EU Digital Policy and International Trade

Brexit: Overview, Trade, and Northern Ireland

  The United Kingdom (UK) withdrew from the European Union (EU) on January 31, 2020. Under the withdrawal agreement negotiated by the two sides, the UK continued to apply EU rules during a transition period lasting to the end of 2020. In December 2020, UK and EU negotiators concluded a Trade and Cooperation Agreement (TCA)… Continue Reading Brexit: Overview, Trade, and Northern Ireland

Canada-U.S. Relations

The United States and Canada typically enjoy close relations. The two countries are bound together by a common 5,525-mile border—“the longest undefended border in the world”—as well as by shared history and values. They have extensive trade and investment ties and longstanding mutual security commitments under NATO and North American Aerospace Defense Command (NORAD). Canada… Continue Reading Canada-U.S. Relations

U.S. Trade Policy Primer: Frequently Asked Questions

Congress plays a major role in U.S. trade policy through its legislative and oversight authority. Since the end of World War II, U.S. trade policy has focused on fostering an open, rules-based global trading system, liberalizing markets by reducing trade and investment barriers through negotiations and agreements, and enforcing trade commitments and related laws. Internationaltrade… Continue Reading U.S. Trade Policy Primer: Frequently Asked Questions

Trade Remedies: Antidumping

The U.S. Constitution grants to Congress the power to regulate trade with foreign nations and levy tariffs. Since 1922, U.S. law and foreign policy have favored applying tariffs and duties equally to all trading partners. This principle, known as most-favored-nation (MFN) treatment, has been central to the rules-based global trading system since 1947. One of… Continue Reading Trade Remedies: Antidumping

National Emergency Powers

The President of the United States has available certain powers that may be exercised in the event that the nation is threatened by crisis, exigency, or emergency circumstances (other than natural disasters, war, or near-war situations). Such powers may be stated explicitly or implied by the Constitution, assumed by the Chief Executive to be permissible… Continue Reading National Emergency Powers

Defense Production Act of 1950: History and Authorities

The Defense Production Act (DPA) of 1950 (P.L. 81-774, 50 U.S.C. §§4501 et seq.), as amended, confers upon the President a broad set of authorities to influence domestic industry in the interest of national defense. The authorities can be used across the federal government to shape the domestic industrial base so that, when called upon,… Continue Reading Defense Production Act of 1950: History and Authorities

Oil Market Effects from U.S. Economic Sanctions: Iran, Russia, Venezuela

  Economic sanctions imposed by the United States—through enacted legislation and executive action—on Iran, Russia, and Venezuela aim to pressure the ruling governments to change their behavior and policies. Currently, these sanctions aim to either eliminate (Iran) or restrict (Venezuela) crude oil trade of as much as 3.3 million to 4.0 million barrels per day… Continue Reading Oil Market Effects from U.S. Economic Sanctions: Iran, Russia, Venezuela

“Stage One” U.S.-Japan trade Agreements

On October 7, 2019, after six months of formal negotiations, the United States and Japan signed two agreements intended to liberalize bilateral trade. One, the U.S.-Japan Trade Agreement (USJTA), provides for limited tariff reductions and quota expansions to improve market access. The other, the U.S.-Japan Digital Trade Agreement, includes commitments pertaining to digital aspects of… Continue Reading “Stage One” U.S.-Japan trade Agreements