Export restrictions imposed during supply disruptions do not resolve scarcity but shift it onto import-dependent countries, amplifying global price increases and eroding confidence in international markets as a source of resilience.
Tag: Brookings
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Brookings: Lessons from the first USMCA review mechanism
Although the first USMCA review successfully followed the procedures established by the agreement and by Congress, it left important opportunities for modernisation, increased certainty, and renewed political legitimacy only partially realised by becoming entangled in a broader set of negotiations beyond the agreement itself.