All commentary & analysis

Thu, Aug 6, 2020

De-escalating tariff threats could jumpstart US–EU trade ties and support post-COVID 19 economic recovery

Instead of imposing additional tariffs now, the Trump administration should attempt to ease the trade tensions with the EU ahead of the WTO’s ruling this fall on US subsidies, which will likely entitle the European Commission to impose tariffs on a similar magnitude of US products.

New Atlanticist by Ole Moehr

European Union International Markets

Tue, Aug 4, 2020

As COVID-19 spreads, Africa needs another “London Moment”

Last month’s Group of Twenty (G20) finance ministers’ meeting proved that the international community is too cautious about helping Africa in its time of need. Is the G20 prepared to face the consequences of its inaction?

New Atlanticist by Vasuki Shastry and Jeremy Mark

Africa Coronavirus

Thu, Jul 30, 2020

The foreign worker freeze will not solve high US unemployment

The administration’s restrictive approach to immigration cannot be attributed to the pandemic economy alone, as evidenced by sweeping measures even before COVID-19, including historically low refugee admission numbers and increased penalties for asylum seekers. The freeze will also likely do more harm than good to the US economy.

New Atlanticist by Amy Jeon

Coronavirus Future of Work

Tue, Jul 28, 2020

Busch in The Hill: The US has more to gain from WTO reform than just punishing China

Marc Busch writes that while China’s trade practices are relevant to the discussion on WTO reform, the current narrative mistakenly singles out China and limits the prospects for deep reform.

In the News by Marc L. Busch

China Economy & Business

Tue, Jul 28, 2020

As central banks implement coronavirus rescue plans, has moral hazard been forgotten?

With financial markets beginning to astoundingly recover, despite continued economic pain and an uncertain pandemic picture, the fear of moral hazard seems to have been forgotten.

New Atlanticist by Hung Tran

Coronavirus Financial Regulation

Mon, Jul 27, 2020

What happened to transatlantic cooperation on WTO reform?

Contrary to the transatlantic aspirations on WTO reform in the summer of 2018, there is now less cooperation, more setbacks, and a bleak outlook for at least the rest of 2020.

New Atlanticist by Marie Kasperek

European Union Eurozone

Mon, Jul 27, 2020

Perfect competition: Getting a US-EU trade deal was never going to be easy

US Trade Representative Robert Lighthizer recently criticized the EU for negotiating seventy-seven individual trade agreements globally. What was more striking in this comment was not the criticism of Brussels, but what that number revealed about the transatlantic dilemma. Europe can take home ancillary prizes but the golden goose—an agreement with the United States—remains out of reach.

New Atlanticist by Julia Friedlander

European Union Eurozone

Mon, Jul 27, 2020

Two years after Rose Garden deal, Europe prefers to wait it out

Two years after the Juncker-Trump summit, a realistic scenario for transatlantic trade discussions in the next few years is progress on minor aspects. Think of lullaby topics like closer alignment of insurance regulation. With such political uncertainty, policymakers on both sides of the Atlantic will hope for agreements that the press tunes out quickly and make sure that farmers do not block the access roads to Paris.

New Atlanticist by Bart Oosterveld

European Union Eurozone

Mon, Jul 27, 2020

Europe and the US should remember their Rose Garden intellectual property pledge

While progress on protecting intellectual property since the summit has been disappointing, it still provides a compelling opportunity for the United States and Europe to join forces to protect this key economic freedom.

New Atlanticist by Marc L. Busch

European Union Eurozone

Mon, Jul 27, 2020

The curious case of the US Treasury and Gaz Group

The US Treasury Department’s Office of Foreign Assets Control (OFAC) very quietly issued two extensions of general licenses on July 22 related to Vladimir Putin-tied oligarch Oleg Deripaska’s Gaz Group that, while apparently going unnoticed, constitute a significant change in the sanctions on Gaz, which can now seemingly operate according to something like business as usual.

New Atlanticist by Brian O’Toole

Economic Sanctions Russia