TRADE in ACTION – June 16, 2017

This week in TradeinAction: The United Kingdom’s turbulent election results are in. A complete analysis of the UK’s election results can be found here. The European Commission introduced a proposal allowing them to strip London of its right to handle certain financial transactions once they officially leave the European Union. On the US side, President Trump focused this week on apprenticeship programs. Read his speech here. 

Things to watch: U.S. Trade Representative Robert Lighthizer will appear before the Senate Finance and House Ways & Means panels next week to discuss the administration’s trade agenda. The next round of elections for the French National Assembly, June 18. U.K.’s Brexit negotiations with the EU due to begin on June 19th.

SPOTLIGHT
tweet of the week 1 June 16 2017

North Korea, Iran and Russia are ranked as the top three biggest security threats to the United States. Their destabilizing actions have prompted the United States to sanction all of them. Economic sanctions are a powerful tool used as an alternative to war to reign in foreign nations from endangering global security. Atlantic Council’s Ole Moehr has composed a new comprehensive EconoGraphic offering an overview of current sanctioned countries by the United States. For full view and analysis, click here.

tweet of the week 2 June 16 2017

TRADE
Executive Order: Presidential Executive Order Expanding Apprenticeships in America, The White House 
The Big Read: US Workforce: Paying Young Americans to Learn the Right Skills, Rana Foroohar, Financial Times
News: House Approves Legislation to Roll Back Dodd-Frank Act, Kevin Dugan, New York Post
News: Greece Gets 8.5 billion Euros and some Idea of Future Debt Relief, Jan Strupczewski and Francesco Guarascio, Reuters
Analysis: The High Cost of the Anti-Trade Wave, Jennifer Rubin, Washington Post
Analysis: Transatlantic Trade and the Case for Investment Protection, Andrej Auersperger Matić, German Marshall Fund
Paper: Steel, Aluminum, Lumber, Solar: Trump’s Stealth Trade Protection, Chad Brown, Peterson Institute For International Economics
Commentary: Is Trump Becoming More Friendly To Trade?, Alan Wolff, Fortune  
Analysis: Trade Remedies in the Age of Trump: Impact on Canadian Businesses, Bennett Jones LLP, Jessica Horwitz, Darrell J. Pearson, JDSupra Blog
Opinion: America’s Industrial Heartland is Watching Your Trade Decisions, President Trump, Scott Paul, Medium
Analysis: For the UK Strong and Stable Brexit May be off the Table, Lucinda Creighton, European American Chamber of Commerce
News: Schaeuble Says U.K. Welcome Back If Brexit Was Overturned, Matthew Miller, Birgit Jennen, Rainer, Bloomberg
Report: The Art of the Trade Deal: Quantifying the Benefits of a TPP Without the United States, Carlo Dade, Dan Ciuriak, Ali Dadkhah, Jingliang Xiao, CanadaWestFoundation
Analysis: Asia and Europe Set to Bear the Burden of US Trade Protectionism, Shawn Donnan, Financial Times
Opinion: In South Carolina, Germany Seen as a Trade Partner, Not Rival, Mike Fitts, U.S. News
News: Germany’s Merkel Lends Support to Mexico over NAFTA, Dave Grham, Andreas Rinke, Reuters 
Report: New Tariff Exemption Process off to the Races, United States International Trade Commission 
Publication: How Does the United States Compare? Employment Outlook 2017, OECD

TWEET/FACTOID OF THE WEEK
tweet of the week 3 June 16 2017
Did You Know…
..that amid Brexit concerns, 2,865 Britons took German citizenship last year? A record 361% increase. In the same vein, 89% of Britons want dual citizenship after leaving the European Union. 

GLOBALIZATION
Analysis: Globalization and Executive Compensation, Wolfgang Keller, Will Olney, Voxeu
Analysis: Why Globalization Stalled and How to Restart it, Fred Hu, Michael Spence, Foreign Affairs
Analysis: The Globalization Counter-reaction, Buttonwood, The Economist 
Opinion: Making Automation and Globalization Work for More People Starts in Elementary School, William McKenzie, Dallas News
Opinion: When Currencies Fall, Export Growth is Supposed to Follow- Until Now, Christopher Whittall, Mike Bird, Wall Street Journal
Speech: Like it or Not, Globalization is ‘Inevitable,’ Vietnamese PM Says, Yukako Ono, Nikkei

WHAT WE ARE READING
Survey: Race, Religion, and Immigration (not Trade) in 2016 How the Debate over American Identity Shaped the Election and What It Means for a Trump Presidency, John Sides, Voter Study Group 
Interactive Graphics: Today’s Brexit Barometer, Bloomberg
Analysis: How Theresa May Lost It, Tom McTague, Charlie Cooper, Annabelle Dickson, Politico
Video: Atlantic Council Says Macron’s Majority a Big Deal, Bloomberg
News: French Election: Macron’s Party Shaping Up to be Big Winner, CNBC
Opinion: U.S. Chamber of Commerce Survey Shows Support for Sharing Economy, Tim Day, Venture Beat 
Speech: European Commission Chief: ‘The Protection of Europe can no Longer be Outsourced’, Jean Claude Juncker, Business Insider 
Analysis: Five Takeaways From ECB President Draghi’s Press Conference, Paul Hannon, Wall Street Journal
News: Schäuble and Lagarde Voice Optimism over Greek Loan Disbursement, Financial Times 
Analysis: Why Greece is Germany’s ‘de facto Colony’, Matthew Karnitschnig, Politico
Analysis: The High Cost of High Stakes: Economic Implications of the 2017 Gulf Crisis, Nader Kabbani, Brookings

UPCOMING
EVENTS
June 16: 2017 United Kingdom General  Election, Council on Foreign Relations
June 19: Redefining Manufacturing: The Service Sector’s Role in Boosting U.S. Competitiveness and Resilience, Wilson Center 
June 20: International Forum on Women and Trade, European Commission 
June 20: The Lamppost Theory: Why Economic Policy so Often Comes up Short, Brookings Institute
June 21: Monetary Policy, Trade and Politics: An Update on the Transatlantic Relationship, Hudson Institute 
June 22: Webinar: An Update on EU’s Value Added Tax System, European American Chamber of Commerce
July 11: Manufacturing Workforce 4.0: A Symposium on Skills for the New Economy, Manufacturing Institute 
July 20: Webina: What US Manufacturers Need to Know About CE Markings, European American Chamber of Commerce

Your Newsletter Team:
Marie Kasperek, Associate Director, Global Business & Economics, Atlantic Council
Tom Driscoll, Intern, Global Business & Economics, Atlantic Council

Please send us suggested news stories, opinion pieces, publications, and upcoming events that you would like us to highlight! Email mkasperek@AtlanticCouncil.org with your ideas and suggestions. The views expressed in this newsletter and linked external articles and content do not necessarily reflect the opinions of the Atlantic Council, its staff, or its sponsors.

© 2017 Atlantic Council

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