Elections 2020

Sep 30, 2020

US Economy: V shape or K shape recovery?

By Josh Lipsky, Nitya Biyani

At last night’s presidential debate moderator Chris Wallace asked the candidates if we are in a ‘V’ shape or ‘K’ shape recovery. What does that mean exactly? A ‘V’ means a rapid rebound bringing economic activity back to its pre-COVID levels. A ‘K’ means an unequal recovery – wealthier Americans do well but poorer Americans remain stuck in recession.

Economy & Business Elections

New Atlanticist

Sep 29, 2020

Tackling the China threat with economic statecraft

By David Mortlock

Decoupling the US and Chinese economies does little to address the more fundamental threat posed by China’s efforts to rewrite the global rulebook.

China Economic Sanctions

New Atlanticist

Sep 29, 2020

Government response to economic crisis now is pivotal—but will risk future financial stability

By Hung Tran

Governments deploying economic and financial support measures have been able to protect from a major pandemic era crisis, but the emergency measures have entrenched inefficiencies, imbalances, and vulnerabilities that suggest a future financial crisis.

Economy & Business Financial Regulation

New Atlanticist

Sep 29, 2020

Economic and financial risks after the pandemic

By Hung Tran

While huge fiscal and monetary support measures from governments have been necessary to avoid deeper damages being done to the economy and financial system by the pandemic, those actions—especially keeping interest rates low for long—have also reinforced many known areas of inefficiencies, imbalances, and vulnerabilities that will make the economy and financial system fragile and prone to crises going forward.

Economy & Business Financial Regulation

New Atlanticist

Sep 28, 2020

The illusion of decoupling the semiconductor industry: Latest US restrictions on China short-sighted

By Jeremy Mark

The action against SMIC, which reflects concerns about the use of US chip-making technology for military purposes and which follows steps put into effect on September 15 to choke off the supply of chips to Huawei Technologies Co., is likely to prove shortsighted. It will incur costs for US companies while failing to ensure them supply chain independence.

China Digital Policy

In the News

Sep 28, 2020

Busch in The Hill: In losing China tariffs at the WTO, the US dodged a bullet

By Marc L. Busch

Marc Busch writes that had the WTO found certain US tariffs on China legal, it would have created an endless spiral of countermeasures that put US exports at risk around the world.

Economy & Business Trade and tariffs

New Atlanticist

Sep 15, 2020

Don’t believe the SWIFT China sanctions hype

By Brian O’Toole

A major Chinese state-owned bank, the Bank of China (BOC), in July urged its banks to switch away from SWIFT toward a domestic messaging system because of the threat of US sanctions. Don’t take the warning at face value however, as Beijing’s primary motivation is to promote its own domestic system, rather than any real fear of a SWIFT cut-off.

China Economic Sanctions

In the News

Sep 15, 2020

Busch in The Hill: Congress should retire, not reform, the Generalized System of Preferences

By Marc L. Busch

Marc Busch writes that the United States’ Generalized System of Preferences has surpassed its usefulness and that signing bilateral free trade agreements presents a better path forward.

Economy & Business Trade and tariffs

New Atlanticist

Sep 14, 2020

Regulatory combat: Export controls as ammunition against national security threats

By Annie Froehlich

The Department of Commerce’s actions could deliver a significant blow to Huawei, but they also merit attention for the resulting compliance challenges and burdens facing industry.

China Economic Sanctions

New Atlanticist

Sep 14, 2020

New US Hong Kong tax treaty suspension sends important signal, despite the costs

By Barbara C. Matthews

Eliminating the favorable tax treatment and requiring “made in China” labels at least provide a visible and concrete mechanism to articulate objections regarding Chinese policy without exerting significant economic pain on the people of Hong Kong, China, or the United States

China Economic Sanctions