Trade and Development | Wilson Center

Trade and Development

Beware Depending on Central Banks to Offset Trade Tension Costs

U.S. leadership in global trade and ensuring fair and open markets may be in question over the past two years. But when it comes to setting the tone in monetary policy, Washington clearly continues to be the indisputable leader. Amid much anticipation from financial markets, the U.S. Federal Reserve lowered interest rates for the first time in over a decade to stave off economic slowdown.

Cutting Budgets and Ribbons

In the lead up to a competative election, Argentine President Mauricio Macri is undertakng ambitious reforms. 

 

Better Jobs for a More Competitive Region - A Presentation by Earl Anthony Wayne to CSG West

Q&A with Shunko Rojas, Argentina’s former under secretary for international trade

Q: The free trade agreement between Mercosur and the European Union was under negotiation for twenty years, yet failed to gain traction until now. For the Europeans, one goal was to send a strong signal in favor of rules-based trade at a time of growing protectionism, including in the United States. What changed in South America? Why were Argentine President Mauricio Macri and Brazilian President Jair Bolsonaro able to seal the deal, while their predecessors were unable or unwilling?

Behind Asia’s Other Trade War

While the trade war between Washington and Beijing has garnered significant attention, another trade war between two of the world’s largest and most advanced economies is heating up. Japan and South Korea are the world’s third- and twelfth-largest economies, respectively, representing an annual GDP of greater than $6.5 trillion. Yet trade friction between Tokyo and Seoul has intensified as a political standoff, rooted in history and inflamed by domestic politics on both sides, has begun to impact the economies of two critical American allies and global supply chains.

The Aftermath of a Lackluster G20

Risks to global growth still loom large, not least as trade tensions between China and the United States remain unresolved after the latest G20 summit. Yet the biggest takeaway from the Osaka meeting is that the real, long-term threat to global stability is not friction over tariffs and trade imbalances. Rather, the biggest source of instability is the growing divide between the world’s two largest economic and political powers, and the rest of the world.

G20 Beyond U.S.-China Tensions: What the G18 Want and Need

Trade concerns continue to blight the outlook for global growth as the leaders of the world’s most influential countries gather in Osaka, Japan in late June. While relations between the United States and China will invariably be the focus of attention during the G20 summit meeting, the annual event is also a chance for key powers to address common threats and challenges beyond the ongoing tensions of the world’s biggest economies.

Mexico's Dignity

The damage is done. Irrespective of whether Donald Trump imposes his proposed tariffs on Mexican goods, he has already gravely undermined the bilateral relationship between the United States and Mexico.

Donald Trump has begun his 2020 reelection bid in much the same way he began his successful 2016 campaign: by attacking Mexico and Mexicans to galvanise his base. He has insouciantly slapped Mexico, a central economic partner and strategic ally, with the International Economic Emergency Powers Act, a law ordinarily reserved for enemies of the United States.

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