Global Business & Economics Program

  • 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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  • Can Xi and Trump Pause their Trade War in Osaka?

    US President Donald J. Trump and Chinese President Xi Jinping may agree to a temporary ceasefire in their ongoing trade war when they meet in Osaka, Japan, on June 29, but a full trade deal is unlikely, according to Bart Oosterveld, C. Boyden Gray fellow on global finance and growth and director of the Atlantic Council’s Global Business and Economics Program.


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  • Trump Sanctions Iran’s Supreme Leader

    US President Donald J. Trump on June 24 signed an executive order that he said would place “hard-hitting” sanctions on Iran’s supreme leader.


    “The Supreme Leader of Iran is one who ultimately is responsible for the hostile conduct of the regime. He’s respected within his country.  His office oversees the regime’s most brutal instruments, including the Islamic Revolutionary Guard Corps,” Trump said before signing the order in the White House. “These measures represent a strong and proportionate response to Iran’s increasingly provocative actions,” he added.

    The executive order allows US Treasury Secretary Steven Mnuchin to impose sanctions on officials appointed by Iranian Supreme Leader Ali Khamenei and those who provide material support to his office. “These sanctions will deny Iran’s leadership access to financial resources,

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  • Avoiding Tariff Escalation And Making the Transatlantic Economy Stronger

    Coming up on the anniversary of the July 2018 “trade truce” between European Commission President Jean-Claude Juncker and US President Donald J. Trump, little progress has been made in trade negotiations between the United States and the European Union (EU). This article is the fourth in a series that will take stock of the opportunities in and challenges to the deepest trading relationship in the world and focuses on opportunities for further deepening and the potential impact on jobs and investment due to the current stalemate.

    US consumers and importers are already paying a price for trade tensions between the United States and China. They are bearing almost entirely the tariff revenue collected at the US border. Escalation is also likely to affect business sentiment and investment.


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  • A Dispatch from Women Deliver: How the Private Sector is Ensuring Women are Included in More Inclusive Growth

    Over the course of four days in June, more than 8,000 world leaders, influencers, practitioners, advocates, academics, activists, and journalists gathered in Vancouver, Canada, to discuss how to accelerate progress for girls and women around the globe. The Women Deliver conference included important conversations about the future of work and women’s economic participation. Importantly, the debate demonstrated how the dialogue on the role of the private sector is shifting: from corporate responsibility to corporate interest and from social impact to bottom line impact—and increasingly both.


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  • US-EU Auto Tariffs: What’s at Stake?

    Escalating trade tensions between the world’s major economies are widely considered the greatest threat to the global economy’s health. Following the White House’s cancellation of its threatened tariffs on all Mexican imports on June 7, attention swiftly turned back to the brewing US-China trade war. This edition of the EconoGraphic, however, puts the focus on how US tariffs on cars and car parts might disrupt transatlantic trade flows. The graphic highlights the importance of the transatlantic auto trade for the EU and US economies, outlines the role of European car manufacturers and suppliers in the US auto supply chain, and previews the potential impact of US car tariffs on both economies.

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  • What is Wrong with the WTO?

    Coming up on the anniversary of the July 2018 “trade truce” between European Commission President Jean-Claude Juncker and US President Donald J. Trump, little progress has been made in trade negotiations between the United States and the European Union. This article is the third in a series that will take stock of the opportunities in and challenges to the deepest trading relationship in the world and focuses on WTO reform.

    The World Trade Organization (WTO), the largest multilateral trade organization and the foundation of the global trading system, has increasingly drawn the ire of the United States and other countries that view the organization as outdated and complacent as other countries skirt the rules to get ahead.


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  • Sanctions Lunch with Brian Hook: Prospects for the United States’ Maximum Pressure Campaign on Iran


    On June 11, the Atlantic Council’s Global Business & Economics Program’s Economic Sanctions Initiative hosted a roundtable discussion on the prospects of the United States’ maximum pressure campaign on Iran, featuring Brian Hook, US Special Representative for Iran and Senior Policy Advisor to the Secretary of State.


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  • Transatlantic Ties After the EU Elections: Prospects for Transatlantic Cooperation in Trade and Sanctions


    On June 10, the Atlantic Council’s Global Business & Economics Program’s and Future Europe Initiative hosted a roundtable discussion on the current state and the future of transatlantic ties featuring Caroline Vicini, Deputy Head of the EU Delegation to the United States. The event also served as a farewell to Ms. Vicini, who after several years of distinguished leadership in her current position will be soon leaving Washington, DC.

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