
WTO Blog | Trade imbalances and the limits of trade policy
By Marc Auboin, Eddy Bekkers, Ralph Ossa and Donal Smith Trade imbalances have long been a concern for policymakers, prompting calls for corrective trade measures. Recent tariff actions – framed in part as efforts to reduce bilateral deficits – fit this established pattern. Notable precedents include the United States–Japan trade tensions of the 1980s and...
Read more