By I. M. Destler
During this finished revision of the main influential, extensively learn research of the U.S. exchange policymaking method, Destler addresses how globalization has reshaped alternate politics, weakening conventional protectionism yet intensifying crisis approximately trade’s societal affects. fullyyt new chapters deal with the deepening of partisan divisions and the increase of “trade and . . .” matters (especially hard work and the environment). the writer concludes with a finished financial and political technique to take care of globalization and maximize its advantages. the unique variation of yankee alternate Politics gained the Gladys Kammerer Award of the yankee Political technology organization for the simplest e-book on US nationwide coverage.
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Extra resources for American Trade Politics (4th Edition)
16. Memoirs of Cordell Hull, vol. 1, 358. 17. Joseph M. , Tariff Retaliation, 303. 18. The delegation of tariff-setting authority to encourage “reciprocal” concessions was not unprecedented. The barrier-raising McKinley Tariff Act of 1890 gave the president authority to adjust tariffs on sugar and other specified commodities according to the “reciprocity” shown American exports by particular Latin American countries. See David A. S. Commercial Strategy, 1887–1939 (Ithaca, NY: Cornell University Press, 1989), especially 100–02.
Japanese Steel Issue of 1977,” in I. M. -Japanese Economic Conflicts (Lexington, MA: D. C. Heath, 1982), 56–70. 26 AMERICAN TRADE POLITICS 02--Chapter 2--11-38 5/19/05 8:50 AM Page 27 limiting the duration of protection. For the United States, VERs had the international benefit that, unlike measures taken directly against imports, they were not subject to the GATT proviso allowing other nations to impose equivalent trade restrictions unless the United States offered “compensation” in the form of offsetting tariff reductions.
In fact, only a 10 percent reduction was achieved. The Trade Expansion Act of 1962 brought major revision and codification to the escape clause. An interest seeking relief had to demonstrate serious injury, the major cause of which was an increase in imports due to US tariff concessions. If the Tariff Commission found that a particular interest met this rather tough test, the president had a choice whether or not to accept the commission’s recommendations for tariff or quota relief. If he did not, Congress could override his negative decision by a majority vote in both houses.
American Trade Politics (4th Edition) by I. M. Destler