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What is Happening to Free Trade?

Susana May Yon Lee, Christopher T Timura, Sooan Choi, Michael Paik, and Yujin K McNamara

Many nations have committed to increasing “free trade” globally.  However, in this era of free trade, many nations, including the United States and Korea, have imposed tariffs and trade restrictions on goods imported from other countries, ranging from antidumping/countervailing duties to export/import controls.  Recent examples include the implementation of the Sections 232/301 tariffs, the carbon border tax adjustments, and the CHIPS and Science Act on semiconductors by the United States, with Korea exploring similar measures.  There has also been an increased use of sanctions and the implementation of forced labor customs laws. Some view these measures as necessary to ensure “fair trade”, whereas others view them as hindering “free trade”.  Join our panel to discuss the future of free trade.

This panel was presented at the Fall 2023 Asia/Pacific Conference on “Law and Technology in a Changing World” in Seoul, South Korea.