Economics and Globalization | Wilson Center

Economics and Globalization

The Dangerous Business of Defining Trade Threats

It’s been just over three decades since members of Congress smashed a Toshiba boombox with great fanfare on the footsteps of Capitol Hill in protest against the flood of Japanese exports into the United States. The visual of three Congressmen and women wielding sledgehammers made clear the U.S. legislators’ wrath against the ever-growing trade imbalance between Japan and the United States at the height of the trade war in 1987.

The Aftermath of President Bolsonaro's Visit to Washington and Prospects for Economic Reform

President Jair Bolsonaro wrapped up his first official visit to Washington as president yesterday, as his government looks to fulfill its promise of strengthening relations with the United States. Yet one of the most promising areas of bilateral dialogue—economic and commercial relations, including greater U.S. investment in Brazil—will depend heavily on the new government’s capacity to deliver much-needed reforms at home, particularly the approval of meaningful pension reform in the Brazilian National Congress.

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