Trade
The EU-Mercosur Agreement Shows America Has Fallen Behind
The announcement at the December 5-6 summit of the Southern Common Market—Mercosur—that a trade agreement with the European Union (EU) had been reached came as a surprise to many, as...
An East African Port Deal the World Should Applaud
Many countries’ skepticism of a recently announced deal that gives Ethiopia naval basing rights in exchange for recognizing Somaliland’s independence is misguided. While the pact has stirred consternation, especially in...
The Biden Administration Needs to Stick the Landing on Trade
Three years in, the Biden administration’s trade policy agenda stands in stark contrast to the Obama administration’s approach. Rather than continuing to seek broad-spectrum free trade agreements, U.S. officials have...
Can IMEC Emerge as An Alternative To BRI?
On the sidelines of the G20 summit meeting in New Delhi on September 8–9, the United States, India, Israel, Jordan, Saudi Arabia, the UAE, Italy, France, Germany, and the EU...
Move Over China, Here Comes America and Mexico
Manufacturing wages are increasing in China, alongside the intensity of the U.S.-China rivalry. This new problem for Beijing could prove a blessing for the United States and Mexico, especially given...
Food Trade with Europe Should Be a Bipartisan Priority
The United States has the opportunity to upgrade its food exports to increase revenues for farmers, but for that to happen it needs to negotiate a comprehensive trade deal with...
The WTO’s War on National Sovereignty Has Begun
China has filed a case at the World Trade Organization (WTO) against the United States for the export controls it placed on computer chips in October. The controls devised by...
Why Is America Fighting Trade Wars With Its Allies?
American subsidies intended to boost domestic electric vehicle production have driven a wedge between Washington and its traditional European, South Korean, and Japanese allies. These subsidies have hit key U.S....
Biden Must Beef Up His Trade Policy to Compete With China
China’s growing political assertiveness and military ambition, fueled by decades of high-speed economic growth, now threaten to undermine U.S.-Asia economic ties. Companies in the region have already adjusted their business...
Does International Trade Actually Breed Conflict?
The war in Ukraine has revealed an amazing paradox: nations can be at war while still trading with each other. Between the beginning of the war on February 24 and...
How ‘Nearshoring’ Can Revitalize the U.S. Economy
Twenty-three years ago, British sociologist Anthony Giddens published an influential opus titled The Third Way. While the author’s work focused on politics, the “third way” is an apt description of...
The Quad’s Survival Depends on Managing Security and Trade Troubles
No power in Asia or in the Indo-Pacific region is emerging to be as crucial to American interests in the region as India. New Delhi, too, seems receptive to this...