No trade is free Changing course, taking on China, and helping America's workers

Robert E. Lighthizer, 1947-

Book - 2023

"An argument against free trade policy"--

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Subjects
Published
New York, NY : Broadside Books [2023]
Language
English
Main Author
Robert E. Lighthizer, 1947- (author)
Edition
First edition
Physical Description
xviii, 364 pages ; 24 cm
Bibliography
Includes bibliographical references (pages 327-348) index.
ISBN
9780063282131
  • Introduction
  • Part 1. Foundations
  • Chapter 1. Where It Started
  • Chapter 2. Where We Are Now
  • Chapter 3. A Short and Selective History of US Trade Policy
  • Chapter 4. How the WTO Has Failed America
  • Part 2. China-Our Greatest Challenge
  • Chapter 5. Our Greatest Geopolitical Threat
  • Chapter 6. Twenty-First-Century Mercantilism: China's Economic System
  • Chapter 7. An Economic Threat
  • Chapter 8. Changing the Direction
  • Chapter 9. Beginning to Negotiate
  • Chapter 10. Making a Deal Concrete
  • Chapter 11. The Way Forward
  • Part 3. Managing Globalization-North America
  • Chapter 12. From NAFTA to USMCA: The Great Issues
  • Chapter 13. USMCA: Mexico and Canada
  • Chapter 14. Round Two of USMCA: On to Congress
  • Part 4. Managing Globalization-The Rest of the World
  • Chapter 15. Europe and Japan
  • Chapter 16. Other Major Trading Partners
  • Chapter 17. Transcending Issues That Affect the Economy
  • Part 5. Moving Forward
  • Chapter 18. A Prescription for the Future
  • Acknowledgments
  • Notes
  • Index
Review by Kirkus Book Review

An attorney and Trump adviser lays into those who espouse a "radical free trade agenda." In his first book, Lighthizer, who advised both Trump and Reagan on international trade policy, advances a host of familiar populist and nationalist themes--e.g., that in the matter of the suffering manufacturing and blue-collar heartland, "most people in DC didn't worry very much, because it was all happening someplace far away to people they didn't know." Free trade, of course, has implications that stretch far beyond mere commerce and economics. For example, it's a useful way of keeping wars from breaking out among trade rivals, which is in keeping with the author's insistence that "the Chinese government is a lethal adversary" best contained by lowering taxes on corporations so they will stop offshoring jobs that should be American. Econ 101 may tell us that the specialized division of labor and comparative advantage are useful things, but they have little place in a vision of a world where everything is made at home by contented workers with lots of theoretical bargaining power--until they actually try to use it. Lighthizer takes a page from his erstwhile boss by assailing anyone, albeit with a richer vocabulary, who disagrees with him on his China-as-enemy stance as "a liar, a fool, a knave, an irredeemable globalist, or some combination thereof." In his calmer moments, the author makes some good points, such as the fact that Ireland has become a haven for hiding billions of dollars in American corporate profits that more properly need to be taxed at home--but, as ever, underlying that charge is the demand that taxes be lowered. Arguable, too, is the author's conviction that trade agreements should be term-limited and frequently renegotiated, a destabilizing strategy guaranteed to consume large amounts of diplomatic oxygen. Red meat for the isolationist set. Copyright (c) Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.