US Must Do More To Address Huge, Persistent Trade Deficit

Law360, New York (January 16, 2014, 12:48 AM EST) -- As 2014 begins, the United States is involved in a variety of trade negotiations to try to liberalize trade in various sectors, with various countries, or within the World Trade Organization more broadly. Economic theory typically applauds such negotiations and certainly much of the business community is supportive of trade liberalization. Some of the trade negotiations are large in potential economic effect:

The Trans Pacific Partnership (“TPP”) negotiations with 11 other countries is reportedly far advanced with the possibility of closure during 2014 (predictions seen suggest...
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