This is a fully updated edition of the best-selling text on U.S. trade policy from colonial times to the current era of large trade imbalances. New coverage for this edition includes the WTO panels and conflicts, the battle in Seattle, struggles over Doha rounds and conflicts, growing tensions among major powers, splits between advanced and developing nations, increased terrorism, and risks of war.

Lovett (Tulane Law School), Eckes (a former commissioner of the U.S. International Commission during the Reagan and Bush I administrations), and Brinkman (international economics, Portland State U.) evaluate the evolution of U.S. trade policy, focusing on the period from the establishment of the Gen