Global Business & Economics Program

  • Trump, Xi Reach Trade War Truce… For Now

    US President Donald J. Trump and Chinese President Xi Jinping on December 1 agreed to a truce in their trade war in order to allow time for negotiations. In what is a significant de-escalation of a conflict that has been marked by tit-for-tat tariffs, Trump and Xi put on hold threatened tariff increases for ninety days.

    The agreement was reached during a dinner meeting between the two leaders after the Group of 20 (G20) summit in Buenos Aires, Argentina.

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  • Will There Be Trade Breakthroughs in Argentina? What To Watch at the G20

    On November 30, global leaders will convene in Buenos Aires, Argentina, to discuss areas of economic cooperation and the world trading system. The tenth Group of Twenty (G20) summit, which convenes the leaders of twenty of the largest economies in the world, will focus on fair and sustainable development, but the numerous side meetings between allies and adversaries alike could provide some of the most significant diplomatic action.

    US President Donald J. Trump will not only attend the G20 meetings but also host meetings with Chinese President Xi Jinping, German Chancellor Angela Merkel, Argentine President Mauricio Macri, South Korean Prime Minister Lee Nak-yeon, Turkish President Recep Tayyip Erdoğan, and Indian Prime Minister Narendra Modi. Additionally, Trump is expected to...

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  • Wayne in The Hill: The time to build lasting bonds between US and Mexico is now


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  • Trump Administration's New Nicaragua Sanctions Strategically Target the Top

    After US National Security Advisor John Bolton warned the “troika of tyranny”—Cuba, Nicaragua, and Venezuela—of forthcoming action earlier in November, it was only a matter of time before the Trump administration escalated its response to the violent repression this spring of anti-government demonstrators and the continued erosion of democratic institutions in Nicaragua. The announcement by the US Treasury Department’s Office of Foreign Assets Control (OFAC) on November 27 of a new sanctions regime targeting Daniel Ortega’s administration and its supporters was a delayed but targeted way of increasing pressure on the Nicaraguan president and his cronies.

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  • Trump is Correct, May's Brexit Deal Would Make a US-UK Trade Agreement Highly Unlikely

    US President Donald J. Trump has cast doubt on the possibility of completing a US-UK free trade agreement under the terms of the Brexit deal British Prime Minister Theresa May has negotiated with the European Union.

    “I think we have to take a look at, seriously, whether or not the UK is allowed to trade, because, you know, right now, if you look at the deal, they [the UK] may not be able to trade with us,” Trump told reporters on November 26.

    May rejected Trump’s characterization, saying: “We will have the ability, outside the European Union, to make those decisions on trade policy for ourselves. It will no longer be a decision being taken by Brussels.”

    ...

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  • Brexit: The Road Ahead

    At an extraordinary summit on November 25, European Union leaders approved a draft agreement with British Prime Minister Theresa May setting out the terms of the United Kingdom’s withdrawal from the EU.

    It is hard to understate the importance of this milestone in the Brexit process. The 585-page draft agreement comprehensively dictates the terms of the UK’s exit from the EU on a broad range of issues, from the UK’s financial obligations toward the EU, the Northern Ireland border regime, citizens’ rights, jurisdiction delimitation, and financial services regulation among others.

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  • Beware the Lure of Sanctions for Russia’s Latest Aggression

    It’s Monday, which means that Russia is again antagonizing its neighbors to the west. But instead of little green men, Wagner “private” security forces, or Russian regulars acting under another flag, this time the FSB—Russia’s internal security service—openly fired upon and captured three Ukrainian naval vessels attempting to traverse the Kerch Strait that separates the two countries. This is a significant escalation by Moscow of tensions that have simmered for months as Russia has harassed legitimate and important Ukrainian trade ships that traverse the disputed strait to Ukrainian ports on the Sea of Azov. The chief dispute, of course, centers on Russia’s illegal invasion and annexation of Crimea in 2014 and...
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  • Trade Wars? Let’s Talk Turkey

    Over the past few months, US President Donald J. Trump’s administration has engaged in trade disputes with several of the United States’ trading partners, most notably China, but also traditional allies like the European Union (EU), Canada, and Mexico. EU Commissioner for Trade Cecilia Malmström, who was in Washington last week for discussions with US Trade Representative Robert Lighthizer, was unable to make much headway in transatlantic trade talks. All eyes are now on the G20 summit in Buenos Aires on November 30 and December 1 at which Trump and Chinese President Xi Jinping are expected to try and de-escalate trade tensions between their two countries.

    These trade disputes do have a silver lining: your Thanksgiving turkey will be cheaper this year. But before we celebrate this price drop let’s take a closer look at what it tells us about what is going on in the world of trade.

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  • Global Magnitsky Sanctions: Raising the Human Rights and Anti-Corruption Bar

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    The murder of journalist Jamal Khashoggi thrust an otherwise little-known sanctions program into the spotlight—the Global Magnitsky Human Rights Accountability Act (or GloMag in sanctions parlance). On November 15, the US Department of the Treasury’s Office of Foreign Assets Control used the GloMag authority to designate seventeen Saudi citizens for their role in the Khashoggi killing. In “Global Magnitsky Sanctions: Raising the Human Rights and Anti-Corruption Bar” author Samantha Sultoon, a visiting senior fellow at the Atlantic Council’s Global Business &...

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  • Wayne in The National Interest: Afghanistan Is Making Economic Progress but Needs Peace


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