Global Business & Economics Program

  • Europe Unlikely to Avoid Trump's Iran Sanctions

    Prompted by the United States’ unilateral withdrawal from the nuclear deal with Iran (the Joint Comprehensive Plan of Action or JCPOA), the remaining signatories are urgently seeking ways to maintain the agreement—both for strategic reasons and to preserve its trade benefits. A British, French, and German proposal to launch an independent channel for maintaining trade with Tehran, however, is unlikely to succeed and risks undermining the effectiveness of European economic sanctions. 

    The three European countries (also known as the E3) are reportedly pursuing the establishment of a special purpose vehicle (SPV) to evade US sanctions and ostensibly maintain legitimate trade with Iran. The proposed SPV would essentially act as an accounting firm, tracking credits against imports and exports without the involvement of European...

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  • IMF Throws Argentina a $57 Billion Lifeline

    On September 24, Mauricio Macri shared a dinner table (some laughs and an animated conversation) with Christine Lagarde in New York City. The Argentine president told guests at the Atlantic Council’s Global Citizen Awards dinner about the great relationship he had with the managing director of the International Monetary Fund (IMF).

    Two days after President Macri was honored with a Global Citizen Award from the Atlantic Council, two days later he received even more good news: the IMF had agreed to increase its support to Argentina to $57.1 billion, the largest loan in the Fund’s history, to be disbursed over three years.

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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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  • Trump Puts America First at the United Nations

    US President Donald J. Trump on September 25 used his second address to the United Nations General Assembly to reaffirm his commitment to an America First approach to foreign policy.

    “America will always choose independence and cooperation over global governance, control, and domination,” Trump told the gathering of world leaders at the opening of the 73rd session of the United Nations General Assembly in New York. He laid out his vision for US foreign policy, with an emphasis on protecting US sovereignty from global governance and rising globalization.

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  • Europe Unlikely to Avoid Trump's Iran Sanctions

    Prompted by the United States’ unilateral withdrawal from the nuclear deal with Iran (the Joint Comprehensive Plan of Action or JCPOA), the remaining signatories are urgently seeking ways to maintain the agreement—both for strategic reasons and to preserve its trade benefits. A British, French, and German proposal to launch an independent channel for maintaining trade with Tehran, however, is unlikely to succeed and risks undermining the effectiveness of European economic sanctions.

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  • Roundtable with Sir Suma Chakrabarti, President of the European Bank for Reconstruction and Development

    On September 21, 2018 Atlantic Council’s Global Business and Economics Center along with the Eurasia Center co-hosted a roundtable with Sir Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD).

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  • O'Toole Joins i24 News to Discuss U.S. Sanctions on Russia and China


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  • O'Toole Quoted in Newsweek on CAATSA


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  • Oosterveld Quoted in CS Monitor on China Tariffs


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  • Rick Perry to Europe: Energy Security Tantamount to National Security

    Describing energy security as “tantamount to national security,” US Energy Secretary Rick Perry urged Europe to reduce its dependence on Russian gas and diversify its energy sources.

    Europe’s dependence on Russian natural gas “is truly a cause for concern,” Perry said in remarks at the closing session of the Three Seas Initiative’s Business Forum in Bucharest on September 18.

    Perry also affirmed US President Donald J. Trump’s opposition to the Nord Stream 2 pipeline, which will deliver gas from Russia across the Baltic Sea to Germany and Western Europe. Supported by Berlin, Nord Stream 2 received an endorsement from Austrian President Alexander van der Bellen at the first day of the Three Seas summit on September 17. Central European countries and the United States oppose the project.

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