To address trade imbalances, the Reagan administration requested and secured voluntary export restraints from various nations, primarily Japan, which constituted a violation of Article XI of the General Agreement on Tariffs and Trade (GATT).

Authors

• Person: Not available Organization: VoxEU
  Why the US and the WTO should part ways - CEPR

Sources

• Why the US and the WTO should part ways - CEPR cepr.org VoxEU via serper

Referenced by nodes (4)

• General Agreement on Tariffs and Trade concept
• trade balance concept
• Japan location
• Reagan administration entity