Leibowitz on Trade: More Managed Trade in the Offing?

The end of summer marks a return to normal in Washington. Congress is back, and so are the president’s cabinet and advisors. This is the time of year for officials to float new ideas.

In the international trade arena, American business groups grew increasingly impatient with the lack of ideas on resetting the economic relationship with China. Early this year, the new president ordered a top to bottom review of the relationship, including, but not limited to, the tariffs on Chinese exports to the United States. The review has stretched on for several months, with no clear sign so far of a conclusion.