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Free versus fair trade: the dumping issue
Trade liberalization has had little effect on the use of antidumping tariffs - tariffs imposed on imports judged by a government to be unfairly priced. As more countries resort to such tariffs, questions arise about the merits of this form of trade protection, particularly when other remedies are available to industries hurt by import competition.
The growing U.S. trade imbalance with China
Over the past decade, the United States has gone from enjoying a small trade surplus with China to grappling with an enormous deficit. Just to keep the gap from expanding in 1997, U.S. exports to China would need to grow at an extraordinary rate--four times as fast as Chinese exports to the United States. Despite recent gains and China's efforts at trade liberalization, growth on that order appears unlikely, and the deficit can be expected to widen in the near term.