Marie Kasperek

  • 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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  • 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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  • More Shots Fired in US-China Trade War

    This is what a trade war looks like.

    On September 18, hours after US President Donald J. Trump announced his decision to impose 10 percent tariffs on $200 billion worth of Chinese imports, China struck back. Beijing retaliated immediately, announcing tariffs on an additional $60 billion in US imports.

    The new Chinese tariffs will target more than 5,000 US goods, including meat, nuts, alcoholic drinks, chemicals, clothes, machinery, furniture, and auto parts—nearly everything that China imports from the United States.

    The Chinese tariffs, just like the new US ones, will go into effect on September 24.

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  • Trump’s Trade War Unlikely to End Soon

    Trump administration slaps more tariffs on Chinese imports

    The latest escalation of trade tensions between the United States and China is further proof that US President Donald J. Trump has no intention of quickly coming to an agreement over a new trade relationship with China, according to Bart Oosterveld, director of the Atlantic Council’s Global Business and Economics Program.

    “The [Trump] administration has no political or economic incentive to tone down these trade wars,” Oosterveld said.

    On September 17, the Trump administration announced 10 percent tariffs on $200 billion worth of Chinese imports in an attempt to pressure China to change trade practices that the president says are hurting US businesses.

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  • Kasperek in MarketWatch on China-US Trade War


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  • Kasperek Quoted in Financial Review on Trump and Juncker Averting a Trade War


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  • Kasperek Quoted in Deutsche Welle on Trade Negotiations Between Trump and Juncker


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  • Kasperek Quoted in Bloomberg on Trade Negotiations Between the US and EU


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