Due to the Biden Administration’s decision uphold a large majority of Trump administration’s protectionist trade policies, US manufacturing industries are failing control market share. This paper explores proper solutions that need be taken restore competitiveness with China, prioritizing cooperation allies and China instead unwarranted tensions. analyzes effects tariffs on Chinese imported goo...

The GATT/WTO and preferential trade agreements help member countries to achieve further gains from trade by promoting deeper trade liberalization. In general, free trade does not automatically follow from individualistic behavior. A major reason for this has to do with the existence of monopolistic power in trade. Trade liberalization requires that countries behave cooperatively and reciprocall...