United States and Canada

US Cuba policy: EU and Canadian firms to suffer?

By BY OLE MOEHR | GRAPHICS BY SHIQING HUA, FRANCIS AUBEE, AND NICK BROWN

On April 17 2019, US Secretary of State Michael Pompeo announced an important change in the United States’ policy toward Cuba: Title III of the Cuban Liberty and Democracy Solidarity Act of 1996 (LIBERTAD Act) would no longer be suspended. As a result of this decision, US claimants can now seek compensation for property confiscated by the Castro government. The move has important implications for US and foreign companies doing business in Cuba. This edition of the EconoGraphic explains the history and purpose of the LIBERTAD Act, evaluates the policy’s potential impact on US allies’ economic interests in Cuba, and highlights its implications for the pressure campaign against the Maduro regime in Venezuela.

US-China Trade War: Escalation with No End in Sight

Hung Tran The Atlantic Council’s Global Business & Economics Program’s nonresident senior fellow Hung Tran argues that the ratcheting up of US-China trade tensions in May “could begin to fragment the global economy into US- and China-driven global spheres, with potentially huge implications for sustained growth and prosperity for the world.”

Rapid reaction call: Implications of President Trump’s Mexico tariff threat

On May 30, President Trump announced that he would impose tariffs on products imported from Mexico, beginning at 5 percent on June 10, with a possible escalation to 25 percent by October. This threat is directed at the US’ largest trading partner thus far in 2019. President Trump’s announcement came on the same day that […]