Economy & Trade

  • USMCA is Not a Done Deal. It Must Still Clear Three Legislative Hurdles

    On November 30, the leaders of the United States, Canada, and Mexico signed the US-Mexico-Canada Trade Agreement (USMCA), modernizing the 1994 North American Free Trade Agreement (NAFTA) and “rebalancing” trade relations between the three countries, according to the US administration.  Before the new pact officially takes effect, however, the legislatures of all three countries need to

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  • Quiet, But Important, Progress in Transatlantic Trade

    Amid the chaos over Brexit, few have noticed the quiet, but steady, progress on the transatlantic trade policy agenda. The European Parliament voted on March 14 against a resolution that called on European Union member states not to endorse negotiating mandates that authorize the European Commission to start talks with the United States. The defeat of that resolution sets the stage for a

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  • US-EU Trade Negotiations: Talking Past Each Other

    Since the July 2018 agreement between US President Donald J. Trump and European Commission President Jean-Claude Juncker to start trade negotiations, US Trade Representative Robert Lighthizer and European Commission Trade Commissioner Cecilia Malmström have met five times—most recently on March 6. They have yet to agree on the issues to negotiate. The European Union wants to discuss only

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  • US-China Trade Deal Close, But Will it Actually Repair the Relationship?

    The Trump administration has suspended, until further notice, a scheduled tariff increase—from 10 percent to 25 percent on $200 billion of Chinese imports—citing progress in trade negotiations between Washington and Beijing. Reportedly, talks have focused on six areas: forced technology transfer and cyber theft, intellectual property rights, services (in particular financial services),

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  • Kempe on CNBC: Tech could see impact from US-China trade deal


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  • The EU Draft Motion That Could Lead to Car Tariffs

    As US-China trade tensions calm down, they could escalate quickly on the transatlantic front

    While a US delegation led by Trade Representative Robert Lighthizer and Commerce Secretary Steven Mnuchin is in Beijing to try to de-escalate the current tariff tensions ahead of a March 1 deadline, clouds are gathering on the transatlantic trade front. A ...
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  • The US-China Feud is About Much More Than Trade

    US and Chinese trade negotiators will meet again in Washington on January 30 amid escalating bilateral tensions over issues far broader than traditional trade policy. The meetings will occur in a fittingly freezing city, with plunging temperatures outside accompanying the deep freeze that has gripped the bilateral relationship. US allies in Europe and Japan will quietly cheer from the

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  • Europe Ready to Help With WTO Reform

    EU Commissioner for Trade Cecilia Malmström says task at hand is ‘quite urgent’

    A multilateral effort needs to be made to save the World Trade Organization (WTO), the European Union’s Commissioner for Trade Cecilia Malmström said at the Atlantic Council in Washington on January 10, noting that the twenty-four-year-old intergovernmental body to regulate international trade

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  • Trade Trends 2019, with European Commissioner for Trade Cecilia Malmström


    On January 10 2019, the Atlantic Council’s Global Business and Economics Program hosted European Commissioner for Trade Cecilia Malmström, as she visited Washington, DC for negotiations with US counterparts. The event is part of the Global Business & Economic Program's EuroGrowth Initiative.


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  • Europe Signals Intent to Avoid Trade War with the United States

    Transatlantic trade negotiators are kicking off 2019 with positive momentum toward avoiding a trade war and implementing last year’s joint statement between the White House and the European Commission. On January 7, the European Commission made key announcements on agricultural trade and steel tariffs that set the

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