Unfair Trade Practices: The Case for a Differential Response

Abstract

Trade-distorting practices by other states did not seriously affect U.S. commercial interests until the mid-1960's. However, growing overall and sectoral trade deficits, as well as rapid changes in trading patterns, have made such practices a more salient political issue. The modal and preferred American policy response has been to rely on U.S.supported liberal institutions, notably the General Agreement on Tariffs and Trade (GATT), to provide a framework for multilateral negotiations designed to eliminate

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