Key Trade Issues

Noteworthy

"If we increase the number of H-1B visas that are available to U.S. companies, employment of U.S. nationals would likely grow as well. For instance, Microsoft has found that for every H-1B hire we make, we add on average four additional employees to support them in various capacities."
Bill Gates,
Testimony before the Committee on Science and Technology, US House of Representatives,
March 12, 2008.

Unilateral Sanctions

Using trade as a weapon of foreign policy has harmed America's economic interests in the world without advancing national security. The proliferation of trade sanctions in the 1990s has been accompanied by their declining effectiveness. From Cuba to Iran to Burma, sanctions have failed to achieve the goal of changing the behavior or the nature of target regimes. Sanctions have managed only to deprive American companies of investment opportunities and market share and to punish domestic consumers, while hurting the poor and most vulnerable in the target countries.

Since 1993, according to the president's Export Council, the United States has imposed more than 40 trade sanctions against about three dozen foreign countries. The council estimates that those sanctions have cost American exporters $15 billion to $19 billion in lost annual sales overseas, and caused long-term damage to U.S. companies--lost market share and reputations abroad as unreliable suppliers.

As well as inflicting economic damage, sanctions have been a foreign policy flop. A comprehensive study by the Institute for International Economics found that sanctions achieve their objectives in fewer than 20 percent of cases. For example, the Nuclear Proliferation Act of 1994 failed to deter India and Pakistan from testing nuclear weapons in May of 1998. Sanctions have utterly failed to change the nature or basic behavior of governments in Cuba, Burma, Iran, Nigeria, Yugoslavia, and a number of other target countries.


    Trade Policy Analysis

    Trade Briefing Papers

    Speeches and Testimony

    Free Trade Bulletins

    Books:

    From the Cato Handbook for Congress:

    Commentary


Commentary

Trade, growth: Weep not for Doha
by Daniel Ikenson
July 20, 2008

China's Energy Woes
by Daniel Ikenson
June 30, 2008

Trade, They SED
by Daniel Ikenson
June 18, 2008

Worried About a Recession? Don't Blame Free Trade
by Daniel Griswold
June 3, 2008

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CTPS @ Liberty

What's Charlie Rangel Hiding?
by Daniel Ikenson
July 23, 2008

Mandelson Does His Bit for Doha
by Sallie James
July 22, 2008

Free Trade Promotes Peace in Colombia
by Daniel Griswold
July 11, 2008

Dumbing Down Trade to Make it Saleable
by Daniel Ikenson
July 10, 2008

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