Trading for Security
Evolving Nationalist Influences on U.S. Global Trade Policy
Trading for Security
Evolving Nationalist Influences on U.S. Global Trade Policy
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Description
Trading for Security: Evolving Nationalist Influences on U.S. Global Trade Policy traces nationalist effects on U.S. trade policy from the early republic to the present. Nineteenth century American leaders argued for an isolationist foreign policy and import barriers to help domestic producers. In the twentieth century, the U.S. emerged as a major economic power with growing international needs, and leaders contemplated more international involvement. The Great Depression, World War II, and a post-war communist threat led to new alliances such as NATO, trade-oriented international institutions, and to regional trade deals that used commerce to encourage cooperation with the U.S. Domestically, opposition to expanded imports was muted by laws allowing businesses and workers to petition for protection and/or to receive a federal aid package known as trade adjustment assistance. By the year 2000, rapid Chinese economic development and expanded exports from the Far East produced such severe competition for U.S. businesses that neo-isolationist calls for import restrictions emerged and helped elect a trade skeptic as president. The result has been tariffs, calls for reconsidering foreign commitments, and ongoing debates about America's role in the world.
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Table of Contents
Nationalism and Internationalism
Plan of the Book
Notes
Chapter 1: Isolationism and Protection
Mercantilism and Capitalism
The Mercantilist System
The Capitalist Alternative
Strategic Problems, Development, and Isolation
Import Substitution and the Farewell Address
The Monroe Doctrine
The American System
The Protectionist System
Congress and Tariffs
Nationalism, National Security, and Tariffs
Isolationism, Trade, and War
Isolationist Trade with Belligerents
Loan Repayment and the Tariff
Neutrality at Any Cost
Concluding Thoughts
Notes
Chapter 2: Building the Global System
Reciprocal Trade
A New Tariff
The Reciprocal Trade Agreements Act of 1934
Trade and National Security
Lend-Lease
Bretton Woods and the GATT
Trade and the Cold War Alliance
The Truman Doctrine and the Marshall Plan
Containment
The Kennedy and Tokyo Rounds of the GATT
The Kennedy Round
The Tokyo Round
The Uruguay Round and the World Trade Organization (WTO)
The Uruguay Round
The World Trade Organization (WTO)
New Trade Talks
Concluding Thoughts
Notes
Chapter 3: Special Trade Deals: Preferential Trade Arrangements and Free Trade Agreements
Preferential Trade Arrangements
The Caribbean Basin Initiative
The Andean Trade Preferences Act
The African Growth and Opportunities Act (AGOA)
Free Trade Agreements
The North American Free Trade Agreement (NAFTA)
Talks with Canada
Mexico Seeks to Join
Controversy
The Central American Free Trade Agreement (CAFTA-DR)
The Trans-Pacific Partnership
Concluding Thoughts
Notes
Chapter 4: Protection
Unfair Trade Protection
Dumping
Early Antidumping Legislation
Post World War II Antidumping
Subsidies and Countervailing Duties
Early Antisubsidy Regulations in the United States
Countervailing Regulations After 1945
Procedures and Timetables for AD and CVD Investigations
Additional Unfair Trade Regulations
Fair Trade Protection
The Escape Clause/Safeguards
Temporary Protection and RTAA
Additional Escape Clause Regulations
Section 232 National Security Protection
Antidumping, Countervailing Duties, and Safeguards
Concluding Thoughts
Notes
Chapter 5: Domestic Compensation
The U.S. Compensation System
Trade Adjustment Assistance Gains Traction
New Opposition Emerges
Expansion and Termination?
Trade Adjustment Assistance Efficacy Issues
The Safety Net
Muting the Opposition to Trade
Declining Unions and the Opposition to Trade
Falling Membership
Stagnant Incomes
A New Approach to Compensation
New Directions for a Service Economy
Training
Labor Organization
Concluding Thoughts
Notes
Chapter 6: Economic Sanctions
Economic Sanctions as a Feature of Global Trade Policy
Basic Types of Economic Coercion
Economic Sanctions
Economic Warfare
Strategic Embargoes
Trade Wars
Efficacy of Economic Sanctions
Commercial Relations
Sanctions Busting
The Government-Society Relationship
American Sanctions Laws
Broad Legislation Regarding Sanctions
Additional Sanctions-Related Laws
Concluding Thoughts
Notes
Chapter 7: Trump Challenges Globalism
Trump and Protection
Protection for Washers and Solar Panels
Metals Tariffs
From NAFTA to USMCA
Pull Out or Renegotiate?
Renegotiation Issues
The United States-Mexico-Canada Agreement (USMCA)
United States-Chinese Trade Problems
Most-Favored Nation
China Joins the World Trade Organization
Dependence and Its Consequences
Trump Takes on China
The ZTE Affair
Trouble for Huawei
Intellectual Property Theft
The Trade Deficit with China
Trade War
End Game
Concluding Thoughts
Notes
Reflections and Conclusions
Nationalisms and Trade
Nationalist Isolation and Development
National Security and International Leadership
The Consequences of Competition
Legalized Protection
Domestic Compensation and Trade Adjustment Assistance
Coercion in Global Trade
Revising Globalism
Retailers, Supply Chains, and Natural Resources
Altering the Global Trade System
Handling Dependence
A Balanced Nationalist Trade Policy
Diversifying Sources of Supply
Maintaining a Competitive Edge
Cooperation with Democratic Allies
Domestic Stability and Worker Training
Postscript
Notes
Product details
| Published | Mar 04 2027 |
|---|---|
| Format | Ebook (PDF) |
| Edition | 1st |
| Pages | 304 |
| ISBN | 9798765157268 |
| Imprint | Bloomsbury Academic |
| Illustrations | 25 bw tables |
| Publisher | Bloomsbury Publishing |
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