In several instances, the United States and European Union have begun investigations or imposed new duties on products from China, and in direct response, China has taken similar actions against unrelated U.S. and EU products.
Because of massive Chinese subsidies to several industries, no free trade exists and markets have failed. To survive, U.S. and European companies must seek government support to open Chinese markets and to protect themselves from subsidized products domestically.
Today is not the centennial of the income tax. If you're chomping at the bit to celebrate - and you're determined to ignore the Civil War version of the tax passed in 1862 - then you still have some waiting to do.
If America can't manufacture No. 2 pencils, how long will it be before it can't manufacture ballistic missiles? Maybe that's the pitchfork manufacturing workers need to prod politicians to deal with middle class job uncertainty.
Guaranteeing a fair local wage would empower developing countries to raise their labor standards. By improving the conditions and livelihood of foreign workers the Trans-Pacific Partnership can create new markets and stimulate world economic growth.
Mitt Romney has made tough statements about dealing with China which, if sincere, would not only put him beyond the other major Republican candidates on trade, but also far beyond what the Obama administration is doing.
These trade agreements achieve a rare trifecta: it's hard to imagine a single initiative that at one time could so infuriate anti-corporate activists, labor unions, and environmentalists at the very moment these disparate movements are finding solidarity and support in the streets.
If Romney truly understands the underlying economics of our present trade mess, he knows that the present order is unsustainable. And he -- and his backers -- probably calculate that they'd rather have a Republican clean it up than a Democrat.
Jobs are what everyone understands. But what a lot of people miss is that the current budget fight, and the angst over our mounting national debt, are also intimately connected to trade. So Trump is onto something even bigger than people realize.
Free trade doesn't work, the global economy is a myth and the U.S. has been duped during trade negotiations for the past 40 years according to Ian Fletcher, author of Free Trade Doesn't Work: What Should Replace It and Why.
The artificially low Yuan is forcing emerging economies to competitively devalue their currencies and impose damaging protectionist measures. World Bank chief Zoellick knows where this leads -- to a Great Depression.
Whether a flat tariff is ultimately the best trade policy for America is an open question, but it is worth considering the possibility simply because it sets a baseline, the "least we can do," for a solution.