A trade war between the United States and China heated up, rockets fired by militants in Gaza provoked airstrikes from Israel, and attention focused on Iran as conflicts simmered across the globe this week. Do you remember what happened during a tense week? Take our quiz to prove you were paying attention.
US Secretary of State Michael Pompeo has urged the United Kingdom not to give Chinese telecom giant Huawei a role in building its 5G telecommunications network warning that China wants to “divide Western alliances through bits and bytes, not bullets and bombs.”
In a speech in London on May 8, Pompeo also said US intelligence sharing relationships with its friends and allies are at stake. He stressed that “insufficient security will impede the United States’ ability to share certain information with trusted networks.”
The United States' sanctions strategy is increasingly burdened by the involvement of systemically important financial institutions and sovereign investors in global financial statecraft. In the post-9/11 world, Washington’s strategy was highly effective in pursuing non-state actors like al-Qaeda or ISIS, as well as small, rogue nations like Iran. Yet in addressing larger sovereigns like the Kremlin, US strategy has struggled to maintain the same effectiveness given the cross-border financial connections linking these entities to Western markets. As an era of great power competition among Washington, Moscow, and Beijing sets in, these foes will crowd out smaller, non-state actors, thus demanding an adequate response from the Treasury.
A strong economy and the support of his base have created the conditions necessary for US President Donald J. Trump to ratchet up pressure on China in trade talks, according to the Atlantic Council’s Bart Oosterveld.
The stock market’s “muted overall reaction to the threat of tariff escalation” and the fact “that the United States is performing exceptionally well on jobs and growth” have provided the administration “the economic leeway to take drastic measures against China,” said Oosterveld, who is the director of the Atlantic Council’s Global Business and Economics Program and C. Boyden Gray Fellow on Global Finance and Growth.
In his new book, Atlantic Council’s Anders Åslund says the United States Should Demand Transparency
The ability for Russian President Vladimir Putin and his oligarch allies to hide money in banks and real estate in the United States is “a real strategic danger,” US Sen. Sheldon Whitehouse (D-RI) warned on May 7.
The senator lamented the fact that the United States is “now number two in terms of the nations that support secret financing and funding and allow for the hiding of assets behind shell corporations. We should not be on that list at all, much less number two.”
Although similar to earlier occasions on which blows were traded over Israel's Gaza frontier, this past week’s altercation was extraordinary nonetheless for its intensity, including the highest fatality numbers on record since Operation Protective Edge in the summer of 2014: four Israelis and twenty-five Palestinians lost their lives in the two-day battle which followed the violent protest along the border fence on May 3.
On Wednesday afternoon last week, fifth grade students of Sidwell Friends Middle School walked down Wisconsin Avenue to the Washington National Cathedral to say goodbye to one of their own. A suicide terrorist’s bomb – at an Easter Sunday brunch at a Sri Lankan hotel – had taken the life of their classmate, Kieran Shafritz de Zoysa, age 11.