“Reaching a US-Mexico trade deal is critical for the US and Mexican economies and for the millions of US workers who depend on trade with our southern neighbor. But it would be a real loss to not incorporate Canada—the number one destination of US exports,” said Jason Marczak, director of the Atlantic Council’s Adrienne Arsht Latin America Center.
“Across the United States, communities depend on US-Mexico trade and also a smooth functioning trilateral accord,” he added.
NAFTA, which was signed in 1993, however, may well be entering its final days.
Mr. Powell struck a cautiously optimistic tone, defending the current path of gradual rate increases. Market reaction was muted, with the dollar declining slightly following the dovish remarks. But while many are focused on the strength of the US economy, the current fragility of the global economy could eventually derail Powell’s hopes for a gradual draw down of interest rates.
The tight-knit—and tight-lipped—network of Russian influencers and dark money connected to the Kremlin is the subject of a report, “How the United States Can Combat Russia’s Kleptocracy,” by Anders Åslund, a resident senior fellow at the Atlantic Council’s Eurasia Center. Åslund details how Putin solidified his control over Russia by systematically dominating three circles of power: the state apparatus, including law enforcement agencies and courts, large state-owned companies, and his cronies. Since first becoming president in 2000, Putin has combined this ambition with enriching himself and his associates in Russia’s ruling elite.
The reaction of major trading partners and international policy makers has been visceral and often intense. They have warned that a turn toward protectionism is a threat to the global economy and continued growth, stressed the importance of upholding the rules of the international trading system, and argued that countries should solve problems through dialogue, not protectionism.
Underlying these views is the assumption, never stated, that the international trade rules are essentially complete, and that it is possible to successfully negotiate and agree on any necessary revisions while staying within the existing rules.