Would this be good trade reform
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  Would this be good trade reform
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Computer89
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« on: February 17, 2017, 03:45:58 PM »

Would this be good trade reform(For the USA)

1. Do trade agreements with individual countries and not groups(though EU would be an exception )

2. Countries that have gilded age type labor standards would have significantly stricter trade regulations, then countries who have more modern labor standards( no child labor, minimum wage on par with the US , work safety protections) .

3. any country you trade with must have the same tariff rate that they put on USA made products being imported to their country as the US has on products being made in their country being imported to the US

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Foucaulf
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« Reply #1 on: February 17, 2017, 07:31:12 PM »

1. Do trade agreements with individual countries and not groups(though EU would be an exception )

This isn't "reform" when it's already what happens most of the time. Remember when Bush signed those trade deals with South America, or when Obama signed the trade deal with South Korea? If you don't, that's kind of the point: since the collapse of the WTO talks in the late 00s, bilateral agreements have been preferred as less cumbersome, less overreaching and easier to sell.

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Let's think through the logic here: a correlation exists between production of certain goods and lower labor standards, in particular goods whose production require a smaller capital/labor ratio. To put it another way, how many countries with "modern labor standards" still produces copious amounts of shoes, textiles and cheap trinkets? It might be a good thing to restrict trade in these products on the extreme end of relative labor utilization, but admit what's going on here.

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This idea exists: it's called reciprocity. If the world were so hot on this idea then, well, the WTO talks wouldn't have collapsed since the late 00s.
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