Global Business & Economics Program

  • Libra: Balancing Risks and Opportunities

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    Facebook has disclosed its plans to launch the ambitious new digital currency, Libra, in the first half of 2020. Operating on a version of blockchain, Libra hopes to become a widely adopted payment method, supported by Facebook's 2.4 bn users and a coalition of global corporations including Uber, Visa, and Spotify that form the Libra Association.

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  • USMCA’s Road to Passage is Bumpy, But Its Promised Stability is Sorely Needed

    Congressional Democrats and the US Trade Representative (USTR) are inching toward agreement on key elements of the US-Mexico-Canada Trade Agreement (USMCA) to replace the North American Free Trade Agreement (NAFTA). The Trump administration is aiming to achieve Congressional approval of the new trade agreement during September or October, when it still may be possible to get it through the Democrat-controlled House of Representatives before 2020 electioneering is in full swing. 

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  • Sultoon Quoted in RFE/RL on US Treasury's 'Oligarch' Designation

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  • The United States Doesn’t Need Tariffs to Level the Playing Field

    The US administration just announced a new $4 billion list of European Union (EU) products which it could apply additional tariffs on in response to the ongoing dispute between both sides of the Atlantic over government subsidies to aerospace companies Boeing and Airbus. While the United States thinks it can create better economic outcomes by forcing concessions out of Europe, this new action will only continue the lose-lose spiral of threats gripping the transatlantic trade relationship. Washington could pursue a different strategy, however, by legitimately working with Europe to reduce government subsidies, while also taking tangible steps to strengthen antitrust enforcement at home. The transatlantic trade environment, growth prospects, and public finances would greatly benefit from such a change in approach.

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  • Wayne in the Hill: Sustaining progress with Mexico on migration

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  • 20 Years in the Making: Mercosur-European Union Reach Trade Deal

    Days after the announcement of the Mercosur-European Union trade deal, the Atlantic Council’s Adrienne Arsht Latin America Center partnered with the Global Business and Economics Program and the Future Europe Initiative for a conference call to discuss the details and implications of the momentous agreement.

    A byproduct of two decades of discussions and forty rounds of negotiations, the deal is the largest for the European Union (EU) in terms of population and the first for Mercosur since the four-nation bloc, which includes Argentina, Brazil, Paraguay, and Uruguay, was established in 1991. The agreement covers a population of nearly eight hundred million people and will result in over four billion euros in tariff savings for the European Union.

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  • The G20 Turns Into G19+1

    A sigh of relief reverberated from Osaka when US President Donald J. Trump and Chinese President Xi Jinping agreed to resume trade negotiations. Important as it is, this agreement overshadowed another development which will weaken the world’s ability to forge a consensus to tackle pressing common challenges: the Group of Twenty (G20) has effectively turned into the ‘Group of Nineteen Plus One.’

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  • Osaka Previews Services Shift that Could Reignite Global Multilateral Trading System

    While headlines from the Group of Twenty (G20) summit in Osaka, Japan understandably focused on the latest trade war truce between the powerhouse economies of China and the United States, media coverage unfortunately overlooked a strategically significant trade policy pivot at the summit.

    The group of global policy makers in Osaka acknowledged the growing importance that the digital economy plays for supporting economic growth and innovation, and the need for the trade policy paradigm to account for this shift. While a substantial number of key policies needed to complete this shift remain incomplete, by turning their attention toward the digital economy global policy makers could help reignite discussion at the global multilateral trade level at a time when most are obsessed with bilateral negotiations.

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  • Trump, Xi Pause US-China Trade War

    Trump lifts some restrictions on Chinese telecommunications firm Huawei

    US President Donald J. Trump agreed on June 29 to lift some restrictions on Chinese telecommunications giant Huawei and delay imposing new tariffs on Chinese goods. These concessions were announced following a meeting between Trump and Chinese President Xi Jinping on the sidelines of the G20 summit in Osaka, Japan, at which the two leaders agreed to restart trade negotiations between their countries.

    “Frankly, this was all fairly predictable,” said Mark Linscott, a senior fellow with the Atlantic Council’s South Asia Center and a former assistant US trade representative (USTR) for South and Central Asian Affairs.

    “The two sides had already made progress before and intensifying the war is in neither side’s interest,” Linscott said, adding, “At this point, it seems a lot easier to impose tariffs than to lift them, so avoiding new ones makes a lot of sense, particularly to allow


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  • Tran Joins CGTN to Discuss what to expect at the G20 Summit

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