If the US and EU continue down the path of confronting China directly, they will face a choice between piecemeal trade actions that highlights the divergence between their words and deeds, or the imposition of a blatantly WTO-illegal restriction on Chinese exports that would ruin their reputations as good WTO members.
Hiau Looi Kee, Alessandro Nicita, Marcelo Olarreaga, 18 July 2007
Trade openness matters, so the measurement of trade restrictiveness matters. Commonly used measures, however, are deeply flawed. New research, using theory-based measures, has generated two new global databases on the restrictiveness of trade policy at the most disaggregated level.
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