TRADE in ACTION|Building a transatlantic marketplace

TRADE in ACTION

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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On March 25, the European Union celebrated the 60th Anniversary of the signing of the Treaty of Rome. They signed the Rome Declaration which resolves to create a "stronger more resilient" union that is ready to address current and future challenges.  A few days later, the United Kingdom officially triggered exit negotiations (as specified in Article 50 of the Lisbon Treaty).

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After the conclusion of the G20 meetings in Germany, and Chancellor Merkel's first joint press conference with President Trump, we look to Europe for the sixtieth anniversary of the Treaty of Rome as well as to Prime Minister Theresa May who announced the triggering of article 50 (the article to kick off the UK's exit negotiations out of the EU) for March 29. Analysis here.

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While President Trump hosts Chancellor Merkel at the White House today, Treasury Secretary Steven Mnuchin talked trade and economy with his German and British counterparts, Finance Minister Wolfgang Schäuble and Chancellor of the Exchequer Philip Hammond earlier this week. While President Trump released his first budget proposal this week, the European Union focused on the Dutch elections. 
Starting today, finance ministers and central bank governors of the G20 meet in the German town of Baden-Baden. Main topics to be discussed.
 

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As we commemorate International Women's Day (Check out the story behind the "fearless girl" on Wall Street), EU Trade Commissioner Cecilia Malmström visits Singapore, Treasury Secretary Steven Mnuchin met with José Antonio Meade, Mexico's Secretary of Finance and Public Credit, to talk economic ties between the two neighbors. On Tuesday, Trump administration officials levied a record-breaking $1.19 Billion fine against Chinese telecommunications giant ZTE.

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This week in the newsletter: After his first full month in office, US President Donald Trump made his first address to a joint-session of Congress, USTR released its 2017 trade policy agenda, and Wilbur Ross got confirmed as Commerce Secretary on Monday.  On the European side, President of the European Commission Jean- Claude Juncker released A White Paper on the Future of Europe. International: Brazil's Roberto Azevedo got re-elected as the director- general of the World Trade Organization.

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This week in the newsletter: After negotiations ended in 2013, the WTO's Trade Facilitation Agreement entered into force. On the European side, global leaders met at the Munich Security Conference, and the EU and Japan agreed to work towards an early conclusion of their FTA negotiations, while Chancellor Merkel met with IMF's Christine Lagarde and President Juncker. In the US, Wilbur Ross is scheduled to be confirmed as US Secretary of Commerce next Monday.

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