TRADE in ACTION|Building a transatlantic marketplace

TRADE in ACTION

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March madness seems to transcend from sports to trade these days…
On the US side: As the US President releases more details on the upcoming tariffs, there has also been considerable concern surrounding the national security justification behind the tariff package, as it might be creating precedent for other countries to do the same. President Trump also spoke with the leaders from Argentina, Australia and France and signaled progress made with Australia in reaching an exemption agreement on the tariffs

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Global: The 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) (Formerly TPP but now without the United States) signed the new trade agreement in Chile yesterday. 

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On the EU side: Brexit negotiations resume between U.K. and EU officials on the thorny issue of the transition period.   

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Global: The final version of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was released on Wednesday, signalling the pact was a step closer to reality even without involvement by the United States. 

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At the Munich Security Conference  IMF managing director Christine Lagarde elaborates on the ingredients of the global economy. Full interview here
Sweet: Steady and synchronized growth, driven by all engines: consumption, investment, trade. Employment. 
Sour: Financial vulnerabilities, inconsistent economic policies, government debt, geopolitical risks. 
Bitter Sweet: Increasing income and wealth inequality.
More Key Quotes and Speeches and Remarks from the Munich Security Conference.

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On the EU side: This week launched the new round of Brexit negotiations.

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SOTU: A big focus of this week was President Trump’s first State of the Union SpeechTrade was a topic that was touched upon, among other things.

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This week was a busy week, with global leaders convening in Davos for the World Economic Forum.

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On the EU side: Theresa May held the first of three cabinet meetings on Brexit just yesterday, ahead of EU trade negotiations.

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