TRADE in ACTION|Building a transatlantic marketplace

TRADE in ACTION

This week in TradeinAction: This week marked the 70th anniversary of the Marshall Plan which was the key transatlantic joint effort to rebuild Europe after of WWII. President Trump declared this week  "infrastructure week", while also making exploratory efforts on NAFTA discussions with Canada and Mexico. Meanwhile, the Organization for Economic Cooperation and Development (OECD) released its 2017 Global Economic Outlook, and is hosting its Ministerial Council Meeting in Paris on June 7-8.

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This week in TradeinAction: The 43rd G7 Summit has come to an end and President Trump and leaders around the world left the summit with key unresolved differences on trade, climate change, and defense, especially after the United States has announced to withdraw from the Paris Agreement. Here are the 5 main takeaways you should know about. United States: Current chief Republican trade counsel for the Senate Finance Committee, Everett Eissenstat, will fill the deputy director slot on the council which was vacated by soon-to-be Ambassador to India, Kenneth Juster.

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This week in TradeinActionOn the US side, Robert Lighthizer was sworn in as new USTR, President Trump met with President Santos of Colombia and President Recep Tayyip Erdogan of Turkey.

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This week in TradeinAction: Emmanuel Macron wins French presidency, routing Le Pen, Robert Lighthizer won Senate approval Thursday to become President Donald Trump’s top trade envoy, the G7 Finance Meeting starts today and European Trade Ministers meet in Council meeting to discuss Anti Dumping and Ukraine.

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This week in TradeinAction: Happy World Trade Month! On the US side, the new US government has passed its first 100 days in office and the Senate has passed a $1 trillion spending bill that would keep the government running until September. 

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This week in TradeinAction: The IMF and World Bank Spring meetings came to a close on Sunday, highlighting the importance of inclusive growth and trade. All the while, French voters went to the polls in the first round of the presidential election. The top two candidates, independent Emmanuel Macron and far-right Marine Le Pen, go into a runoff 14 days after the first round. EU Trade Commissioner Cecilia Malmström talks trade with Wilbur Ross, Secretary of Commerce of the US and others while US President Donald Trump threatened to terminate NAFTA.

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This week in TradeinAction: As international finance leaders convene in Washington for the IMF/World Bank Spring Meetings, the IMF raises its outlook for global economic growth. Last Sunday, Turkish voters approved a referendum question to replace the current parliamentary system with a presidential system. This Sunday, French voters head to the polls for the first round of the French elections; all the while Prime Minister Theresa May announces a snap parliament election scheduled for June 8 (watch the full speech here)

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This week in TradeinAction: After concluding his multi-day meeting with President Xi Jinping of China, President Trump  made many important policy reversals such as ceasing to advocate for the designation of China as a "currency manipulator" and voicing support for the Export-Import Bank. After many rounds of reforms, the International Monetary Fund has agreed to unlock new funds as part of the Greek debt relief program while a new WTO Trade Forecast expects trade recovery in 2017 and 2018, amid policy uncertainty.

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This week in TradeinAction: President Trump signs two executive orders on trade with the intention of cracking down on trade abuses and minimizing the US trade deficit.
The European Union and Mexico are currently meeting in Brussels ahead of a possible EU-Mexico free trade agreement. President Trump meets with President Xi Jinping of China at Mar-a-Lago to discuss North Korea, trade, and other important matters.

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