This unique text integrates for the first time the three critical aspects of U.S. foreign trade policy formulation and implementation: economics, politics, and laws.

Preface and Acknowledgments -- Overview -- The Content and Context of Trade Policy -- Historical Survey of U.S. Trade Relations -- Economics -- Economic Theories of International Trade -- Economic Determinants of a Nation's Trade Performance -- Politics and Administration -- The Formulation and Administration of U.S. Trade Policy: Who Does What -- Decisionmaking Explained: The How and Why of Policymakers' Behavior -- Legislation Regulating Imports and Exports -- The International Legal Framework: The General Agreement on Tariffs and Trade -- Major Contemporary Issues -- Japan: America's Strongest Economic Competitor -- European Union-United States Trade Relations -- Trade Relations with the Nonindustrialized Countries -- Regional Trade Liberalization: The North American Free Trade Agreement -- Multilateral Trade Liberalization: The Uruguay Round Agreement -- Trade Policy Options for the Future -- The Unfinished Agenda -- Appendixes -- U.S. International Trade in Goods: Balance of Payments Basis, 1980-1993 -- Commodity Composition of U.S. Goods Trade with the World: Census Basis, 1993 -- Country Composition of U.S. Goods Trade with the World: Census Basis, 1993 -- U.S. Manufactures Trade, 1987 and 1993. Top Ten Product Exports, Imports, Balances; Sorted by 1993 Value Two-digit SITC Product Groups (Census basis; millions of dollars)