January 12, 2017
TRADE in ACTION - January 12, 2017
By Global Business & Economics Program
Donald Trump: A Bull in a China Shop?
President- elect Trump has talked a lot about his policy towards China once he is sworn in. Three of his "7 Point Plan To Rebuild the American Economy by Fighting for Free Trade" are focused on a very tough course on China. But what does that mean? And what could the implications be? Atlantic Council's Ashish Kumar Sen argues that China could retaliate in several ways that would cause serious damage to the United States if President-elect Donald Trump were to overplay his hand with the Asian nation. "Our economies are very interdependent and there is a mutually assured destruction if we start getting into tit-for-tat trade wars. Nobody wins in a trade war." - Robert Manning, Atlantic Council. Possible trade wars? One China policy as a bargaining chip? Consolidation of Chinese Power?Get the full scoop here.
Speech: USTR Michael Froman On Obama Administration’s Trade Accomplishments, Office of the United States Trade Representative.
USTR Cabinet Exit Memo: Trade, Growth, and Jobs in the Obama Administration, Office of the USTR
Exit Memo: "A Record of Past Progress and a Roadmap for the Future" US Secretary of Commerce Penny Pritzker, US Department of Commerce
Interview: USTR Michael Froman on China, WTO, TPP, and UK-US Trade Relations, Bloomberg Markets
Podcast Commentary: Trump and Trade: The Protectionist Triumvirate, Daniel J. Ikenson, Daniel J. Mitchell, and Caleb O. Brown, Cato Institute
Commentary: UK ‘first in line’ for US trade deal, Esther King, Politico
Investment Plan for Europe: EUR 360 million for Italian SMEs; European Commission
Opinion: Global trade is the path to security and prosperity, Heraldo Munoz, Miami Herald
TWEET/FACTOID OF THE WEEK
Did you know...?
...that the Presidency of the Council of the European Union is a role that rotates between the member states of the European Union? Each member state holds the position for a term lasting six months. Malta has just started its Presideny of the Council of the European Union in early January. Malta will hold the presidency until June 2017. Follow along via@EU2017MT
Opinion: Globalization Has Done A Lot Of Great Things For Americans, Panos Mourdoukoutas, Forbes
Report: Global Risks Report 2017, World Economic Forum
Opinion: We Can’t Undo Globalization, but We Can Improve It, Gary Pinkus, James Manyika, and Sree Ramaswamy, Harvard Business Review
News Coverage: Mark Zuckerberg to Study the Impact of Globalisation with US Tour, Hannah Kuchler, Financial Times
WHAT WE ARE READING
Opinion: If Trump really Knows the Art of the Deal, He’ll Embrace Free Trade, Robert B. Zoellick, Washington Post
Report: Data Flows A Fifth Freedom for the Internal Market? National Board of Trade Sweden
Update: EU Commission Updates Digital Single Market Proposal, European Commission
Opinion: Brace Yourself, Europe: Politics is Back, Matthew Karnitschnig, Politico
January 17-20 World Econmic Annual Forum in Davos, Switzerland
January 18: Confirmation Hearing for President-elect Donald Trump’s pick for Commerce Secretary, Mr. Wilbur Ross
January 20: Inauguration Day- New US President is sworn in
January 18: Book Launch: Europe's Growth Challenge; hosted by the Atlantic Council, Washington DC
January 24: The Future of EU Trade Policy; Brussels; hosted by Bruegel
January 25: Too Big to Fail? The Power of Transparency in Preventing Future Financial Crises; Washington DC; hosted by the Atlantic Council
January 26: European Growth and the Next Chapter in US-EU Relations; Washington DC; hosted by the Atlantic Council
January 27: Financing America's Economic Growth Regional Event Series - Chicago; hosted by the US Chamber of Commerce
Your Newsletter Team:
Marie Kasperek, Assistant Director, Global Business & Economics, Atlantic Council
John Butler, Program Intern
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.