Economy & Trade

  • Libra: Balancing Risks and Opportunities

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    Facebook has disclosed its plans to launch the ambitious new digital currency, Libra, in the first half of 2020. Operating on a version of blockchain, Libra hopes to become a widely adopted payment method, supported by Facebook's 2.4 bn users and a coalition of global corporations

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  • USMCA’s Road to Passage is Bumpy, But Its Promised Stability is Sorely Needed

    Congressional Democrats and the US Trade Representative (USTR) are inching toward agreement on key elements of the US-Mexico-Canada Trade Agreement (USMCA) to replace the North American Free Trade Agreement (NAFTA). The Trump administration is aiming to achieve Congressional approval of the new trade agreement during September or October, when it still may be possible to get it through the

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  • Fighting the Wrong War

    If ever there was a “wrong war at the wrong time,” the transatlantic trade conflict that’s boiling this summer defines it. 

    President Trump’s own National Security Strategy describes the primary US challenge to be major power competition with

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  • The United States Doesn’t Need Tariffs to Level the Playing Field

    The US administration just announced a new $4 billion list of European Union (EU) products which it could apply additional tariffs on in response to the ongoing dispute between both sides of the Atlantic over government subsidies to aerospace companies Boeing and Airbus. While the United States thinks it can create better economic outcomes by forcing concessions out of Europe, this new action

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  • 20 Years in the Making: Mercosur-European Union Reach Trade Deal

    Days after the announcement of the Mercosur-European Union trade deal, the Atlantic Council’s Adrienne Arsht Latin America Center partnered with the Global Business and Economics Program and the Future Europe Initiative for a conference call to discuss the details and implications of the momentous agreement.

    A byproduct of two decades of discussions and forty rounds of negotiations,

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  • The G20 Turns Into G19+1

    A sigh of relief reverberated from Osaka when US President Donald J. Trump and Chinese President Xi Jinping agreed to resume trade negotiations. Important as it is, this agreement overshadowed another development which will weaken the world’s ability to forge a consensus to tackle pressing common challenges: the Group of Twenty (G20) has effectively turned into the ‘Group of Nineteen Plus

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  • Osaka Previews Services Shift that Could Reignite Global Multilateral Trading System

    While headlines from the Group of Twenty (G20) summit in Osaka, Japan understandably focused on the latest trade war truce between the powerhouse economies of China and the United States, media coverage unfortunately overlooked a strategically significant trade policy pivot at the summit.

    The group of global policy makers in Osaka acknowledged the growing importance that the digital

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  • 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

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  • Special G20 Edition: Historic Test for a World Adrift

    The G20 this weekend faces its biggest collective challenge since the group of world leaders first met in November 2008 in the jaws of the financial crisis. A toxic trifecta of growing political instability, escalating trade tensions and slowing global growth would be challenge enough, but the perils don’t stop there.

    Beyond that, the 19 leaders of the world’s largest economies and

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  • The Trump-Xi Summit and Beyond

    It would be comforting to believe that an agreement between the United States and China that deescalates the current trade war and resolves a number of key problems between the two would restore tranquility and mutual harmony. But history tells us that frictions and occasional disputes between a rising power with high aspirations and ambitions and an established power that has become accustomed...
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