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Why does donald trump prefer bilateral

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Reference no: EM133359718

1. Why does Donald Trump prefer bilateral to multilateral trade deals? Why would Germany, the United Kingdom, and Japan be reluctant to engage Trump's suggestion of starting a bilateral trade agreement with the United States?

2. What are some of the advantages of multilateral deals versus bilateral deals?

3. Krugman once described free trade agreements as politically easy, but administratively a challenge. Customs unions, on the other hand, are politically difficult, but administratively easy. Explain.

4. What explains the proliferation of preferential trade agreements in recent years?

5. Is the WTO a disaster?

6. Why would some claim that reciprocity is not necessary?

Reference no: EM133359718

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