Reciprocity Norm in Trade Negotiations

The chapter explores the concept of reciprocity in trade negotiations, focusing on its role as a norm that influences bargaining behavior among countries. It details how adhering to reciprocity can impact bargaining strategies, mitigate strategic incentives, and lead to more straightforward negotiation processes. The discussion also contrasts historical data from the Turkey round with insights from the Trump trade wars, raising questions about the efficacy of trade agreements.