Bart Oosterveld

  • May's Brexit Deal: With Cabinet Nod Secured, Next Stop Parliament

    British Prime Minister Theresa May said on November 14 that her Cabinet had agreed to a draft Brexit agreement between the United Kingdom and the European Union (EU). Following a five-hour meeting with her Cabinet ministers in London, May said that the decision was “a decisive step which enables us to move on and finalize the deal in the days ahead.” The deal, which must next be approved by the British Parliament, faces significant opposition both from within May’s Conservative Party and from other parties.

    "Theresa May has finally reached the first base camp on Britain’s way to exiting the EU," said Fran Burwell, a distinguished fellow with the Atlantic Council’s Future Europe Initiative.

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  • How Will the Outcome of the Midterms Affect Trump's Policy Options?

    Democrats captured the House of Representatives while Republicans strengthened their Senate majority in the US midterm elections on November 6.

    We asked our analysts what they believe are the policy implications of this outcome. Here’s what they had to say*:

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  • Rome's Options in Budget Battle with Brussels

    In light of the European Commission’s rejection of its budget proposal, the Italian government essentially has three options: “cave quickly and fall into line with the EU’s demands, cave slowly, or take Italy off the cliff and leave the euro,” according to Megan Greene, managing director and chief economist for Manulife Asset Management.

    The Italian government’s initial reaction—to brush off Brussels’ concerns—has shown that “the cave quickly option is off the table now,” according to Greene.

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  • World Economic Outlook: Trade Tensions and Tariffs a Major Threat to Global Economic Growth

    This week, the Boards of Governors of the International Monetary Fund (IMF) and World Bank Group (WBG) will convene for their annual meetings in Indonesia to discuss issues of global concern, including global economic growth. In the context of the meetings, the IMF publishes the World Economic Outlook (WEO) which analyzes global growth prospects in the short- and medium-term and the risks which impede these prospects. While this October’s report still predicts a steady expansion for 2018-19 at a 3.7 percent growth rate, this forecast is 0.2 percent lower than in April. One of the major reasons for this downward correction are recent trade policies which are expected to continue to be a downward risk leading to further disruption, uncertainty, and weaker growth.

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  • Pence Takes Aim at China

    US Vice President Mike Pence took direct aim at Beijing in an October 4 speech in which he accused China of “pursuing a comprehensive and coordinated campaign to undermine support for the president, our agenda, and our nation’s most cherished ideals.”

    Pence’s speech followed similar remarks by US President Donald J. Trump at the United Nations Security Council on September 26. Trump there accused Beijing of “meddling… because I am the first president ever to challenge China on trade and we are winning on trade.” China and the United States have been locked in a tit-for-tat exchange of tariffs after Trump placed restrictions on $50 billion worth of Chinese goods in June. On September 17, the United States placed...

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  • Meet the New NAFTA: The United States-Mexico-Canada Agreement

    Canada agreed, moments before the clock ran out on a September 30 deadline, to sign on to a trade agreement between the United States and Mexico that would replace the North American Free Trade Agreement (NAFTA). The new agreement will be known as the United States-Mexico-Canada Agreement or USMCA.

    US President Donald J. Trump announced the deal at the White House on October 1 describing it as a “brand new deal to terminate and replace NAFTA.” With this breakthrough, Trump has fulfilled his campaign promise to rewrite NAFTA, which he has called “the worst trade deal in history.” The new agreement was negotiated “on the principle of fairness and reciprocity,” said Trump.

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  • IMF Throws Argentina a $57 Billion Lifeline

    On September 24, Mauricio Macri shared a dinner table (some laughs and an animated conversation) with Christine Lagarde in New York City. The Argentine president told guests at the Atlantic Council’s Global Citizen Awards dinner about the great relationship he had with the managing director of the International Monetary Fund (IMF).

    Two days after President Macri was honored with a Global Citizen Award from the Atlantic Council, two days later he received even more good news: the IMF had agreed to increase its support to Argentina to $57.1 billion, the largest loan in the Fund’s history, to be disbursed over three years.

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  • Trump Accuses China of Meddling in Midterms. It's All About Trade.

    US President Donald J. Trump accused China of attempting to interfere in the US midterm elections in November at a meeting of the United Nations Security Council (UNSC) in New York on September 26.

    China does “not want me or [the Republicans] to win,” he said. His remarks came as he chaired the UNSC meeting on nonproliferation of weapons of mass destruction. This is the first UNSC session chaired by Trump and only the third time a US president has led a session.

    Trump offered no specific evidence of China’s purported “meddling” during his speech, but tied it directly to the trade issue, saying Beijing wants him to lose “because I am the first president ever to challenge China on trade and we are winning on trade.”

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  • Trump Puts America First at the United Nations

    US President Donald J. Trump on September 25 used his second address to the United Nations General Assembly to reaffirm his commitment to an America First approach to foreign policy.

    “America will always choose independence and cooperation over global governance, control, and domination,” Trump told the gathering of world leaders at the opening of the 73rd session of the United Nations General Assembly in New York. He laid out his vision for US foreign policy, with an emphasis on protecting US sovereignty from global governance and rising globalization.

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  • Oosterveld Quoted in CS Monitor on China Tariffs


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