Global Business & Economics Program

  • Meet the New NAFTA: The United States-Mexico-Canada Agreement

    Canada agreed, moments before the clock ran out on a September 30 deadline, to sign on to a trade agreement between the United States and Mexico that would replace the North American Free Trade Agreement (NAFTA). The new agreement will be known as the United States-Mexico-Canada Agreement or USMCA.

    US President Donald J. Trump announced the deal at the White House on October 1 describing it as a “brand new deal to terminate and replace NAFTA.” With this breakthrough, Trump has fulfilled his campaign promise to rewrite NAFTA, which he has called “the worst trade deal in history.” The new agreement was negotiated “on the principle of fairness and reciprocity,” said Trump.

    Read More
  • 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...

    Read More
  • 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.

    Read More
  • 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.”

    Read More
  • 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.

    Read More
  • 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.

    Read More
  • 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).

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


    Read More
  • O'Toole Quoted in Newsweek on CAATSA


    Read More
  • Oosterveld Quoted in CS Monitor on China Tariffs


    Read More