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"We really want to provide new spaces to think about the goods traded on these markets.
Tariffs on goods traded between the United States and the European Union are already low, averaging less than 3 percent.
Price increases are running at nearly twice that pace for goods traded between companies, for which fewer price controls exist.
African goods sold in OECD countries (ie, rich industrialised ones) face tariffs roughly ten times higher than those levied on goods traded within the OECD.
Examples of goods traded in the black market are weapons, illegal drugs, exotic and protected species of animals, and human organs needed for transplant surgeries.
Following a free-trade agreement in 1992, tariffs on the majority of goods traded in the region have fallen below 5%.
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China is currently the US's largest goods trading partner.
They note: "Like trade in goods, trade in services is a two-way street.
But by neither of these methods was America's goods trade greater than China's.
These are organized into six policy frames: security, development, global public goods, trade, human rights and ethical/moral reasoning.
And was that a good trade-off?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com