We can accomplish those goals by urging the reform of U.S. protectionist policies, regardless of what other countries are doing. There are many inviting targets, such as the antidumping law, agricultural quotas and subsidies, Section 301, Buy American laws, the Jones Act, and foreign policy sanctions. To change those laws we do not need fast track authority, and we do not need to cede sovereignty to any international organization. We only need to summon the courage of our convictions and attack. Let the protectionists have a turn at playing defense.
Conventional wisdom says that unilateral liberalization is politically impossible.
Tell that to Australia, New Zealand, Chile, Mexico, and other countries that have eliminated trade barriers unilaterally in recent years. For proof that it doesn't wash, look at the recent agreement to zero out tariffs on semiconductors and other information technology products. After all, leading by example usually works best. Published four times a year by the Cato Institute. Copyright 1997 Cato Institute.