Global Business & Economics Program

  • Sultoon Quoted in Bloomberg on US Penalties against Viktor Vekselberg

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  • Can Sanctions Put a Dent in Crypto Crime?

    On November 28, the US Treasury Department took an important step in responding to the SamSam ransomware cyberattacks, which occurred earlier this year. Considered one of the most effective cyberattacks in US history, the hackers behind SamSam since 2015 have targeted institutions ranging from companies to hospitals to schools, demanding payments in Bitcoin as ransom. After being paid, the hackers laundered these funds through online cryptocurrency exchanges into Iranian riyals, reaping the rewards of their malicious behavior. As part of their designation, the US Treasury Department’s Office of Foreign Assets Control (OFAC) included the Bitcoin addresses of Iran-based Ali Khorashadizadeh and Mohammed Ghorbaniyan, who are accused of...
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  • Trade Disrupted: US and China Need More Than a Truce

    At this year’s G20 summit in Buenos Aires, the trade dispute between China and the United States took center stage. Chinese President Xi and his US counterpart President Donald Trump agreed to avoid further escalations of the ongoing bilateral trade war for the next 90 days. The temporary deal does not assuage the escalatory measures already taken, leaving the existing tariffs in place. This edition of the EconoGraphic explores how the brewing trade conflict is impacting manufacturing supply chains, soybean cargo routes, and trade flows of liquefied petroleum gas (LPG) among the United States, China, and the rest of the world.

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  • Brummer in Fintech Policy: What Should be Disclosed in an Initial Coin Offering?

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  • 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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