Economics & Business Archive

U.S. Trade Representative Robert Lighthizer and Japanese Minister for Economic Revitalization Toshimitsu Motegi ended two days of “productive talks” last week and signaled they would hold another round in September. With significant gaps remaining on key issues and much at stake in the bilateral economic relationship, the next phase of talks could be an important turning point for the two allies. Negotiators are aiming to further bridge the divide on issues like auto tariffs and Japanese market access for American exports before a likely meeting next month between President Donald Trump and Prime Minister Shinzo Abe, a feasible but challenging […]

The Islamic State’s eagerness to profit from antiquities focused global attention on the illicit trafficking of cultural property. Yet the world’s understanding of how such trafficking unfolds remains limited. Today, thanks to Facebook and other social media tools, it is easier than ever to participate in a booming black market antiquities trade. The instability that followed the Arab uprisings of 2010 and 2011 has given rise to some of the most devastating conflicts the Middle East has ever seen. Syria and Iraq, in particular, have suffered from the dismantling of state infrastructure and the expansion of terrorist and violent extremist […]

No stranger to political controversy, the International Monetary Fund may soon find itself embroiled in one that pits China’s interests against those of the United States. Beijing’s hugely ambitious international development project, known as the Belt and Road Initiative, is raising fears of debt crises in the developing world, and the IMF may be called in to clean up the mess. The U.S. is poised to oppose any IMF deal providing funds that would ultimately go to pay off Belt and Road-related tabs. How the IMF handles this situation could give clues about how the institution will deal with competing […]

While the U.S.-China trade war has been getting the headlines, investors from China are running into resistance in countries around the world, including the United States. Typically, governments welcome foreign investment, especially local governments, as a mechanism to create—or save—jobs, reinvigorate their economies and gain access to new technologies. Growing investment outflows from China, however, are pushing some national governments to take a more skeptical look at Chinese money. In a measure aimed primarily at China, Congress strengthened the ability of the Committee on Foreign Investment in the United States, known as CFIUS, to review and block transactions that might […]

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and managing editor, Frederick Deknatel, discuss the implications of renewed U.S. sanctions against Iran and a new round of tariffs against Chinese imports. For the Report, Leila Beratto talks with WPR’s senior editor, Robbie Corey-Boulet, about Algeria’s campaign of mass expulsions targeting migrants from sub-Saharan Africa, and why it has rights activists and neighboring countries up in arms. If you like what you hear on Trend Lines and what you’ve read on WPR, you can sign up for our free newsletter to get our uncompromising analysis delivered straight to your […]

Editor’s Note: China Note is WPR’s new China newsletter. Every week, WPR’s newsletter and engagement editor, Benjamin Wilhelm, curates the top news and analysis from China written by the experts who follow it. In China, anyone who strays from the Communist Party line assumes a precarious position. Take rights activist and retired economics professor Sun Wenguang. Last Wednesday, the noted critic of the Chinese government appeared on Issues & Opinions, a Mandarin-language program for Voice of America, to do a telephone interview. His segment, however, featured several surprise guests when Chinese security officials broke into Sun’s house in Jinan, in […]

On Aug. 2, Canada’s foreign minister, Chrystia Freeland, posted a statement on Twitter criticizing the arrest of a prominent female activist in Saudi Arabia, Samar Badawi, one of several civil society activists, many of them women, to be detained recently in the kingdom. The next day, Canada’s Foreign Ministry posted another critical tweet, calling on Saudi authorities “to immediately release them and all other peaceful #humanrights activists.” The Saudis quickly responded by expelling the Canadian ambassador and halting all pending trade and commercial agreements, and the spat is still escalating. So far, Prime Minister Justin Trudeau has refused to shift […]

While the Trump administration follows through with reimposing sanctions on Tehran after it withdrew the U.S. from the Iran nuclear agreement, the rhetoric over American sanctions on Russia is seriously overheating. Debate centers on the Treasury Department’s potential removal of the Russian aluminum firm Rusal from its blacklist of sanctioned Russian entities. This dispute risks obscuring how a desire to hit back against Russia over its election interference, rather than punish Rusal’s oligarch founder, Oleg Deripaska, invites severe unintended consequences. While the political value of keeping Rusal on the Treasury blacklist may seem high, it comes with wider economic costs […]

Last week, I was invited to take part in a survey of foreign policy experts sponsored by the Chicago Council on Global Affairs and the Texas National Security Network. The survey consisted of a series of generic U.S. foreign policy positions with which respondents were asked to agree or disagree. The experience was eye-opening, as I came away from the short 10-minute questionnaire dissatisfied with the answers I had given, but not necessarily reassured by the available alternatives. That was in part because there was no way to explain one’s answers, put them into context or suggest preferable alternatives to […]

How will President Donald Trump’s trade wars end, assuming they do? There are at least some hints now about how things may play out, and they are not reassuring. Administration officials keep saying that the tariffs imposed against China and other American trading partners, including close allies in Canada and the European Union, are being used as leverage to remove unfair trade practices abroad, improve market access for U.S. exporters and reduce the deficit. But it is looking more and more like the outcome could instead be continued trade protection in myriad forms. One little noticed aspect of Trump’s trade […]

In May, President Donald Trump withdrew the U.S. from the international nuclear deal with Iran, which was negotiated and signed by both countries along with France, the United Kingdom, Germany, Russia and China. The agreement, known officially as the Joint Comprehensive Plan of Action, or JCPOA, had imposed strict controls and oversight on Iran’s domestic nuclear program, in return for the easing of multilateral sanctions and the suspension of U.S. unilateral sanctions on Iran. In withdrawing from the deal, Trump promised to reimpose sanctions targeting Iran’s oil industry, as well as so-called third-party sanctions on any companies that did business […]

A few years after Iran’s 1979 revolution, Ayatollah Ruhollah Khomeini disregarded an aide who was worried about inflation by declaring that “this revolution was not about the price of watermelons.” His successors may not have the luxury of assuming that the Islamic Republic’s religious essence is more important to most Iranians than their economic situation. Indeed, the proverbial price of watermelons has now plunged Iran into a potentially explosive economic crisis, with waves of public protests. The situation has been exacerbated by U.S. President Donald Trump’s decision in May to violate the terms of the nuclear deal with Iran and […]

For the past 18 months, foreign policy pundits have debated whether or not U.S. President Donald Trump will have a temporary or lasting impact on global politics, and in particular whether he will fatally undermine the liberal international order—the network of multilateral institutions and security guarantees the U.S. has helped build and backstop since the end of World War II. More recently, though, that debate has shifted to whether the liberal international order ever really existed, or if it was instead rhetorical window dressing used to soften the rough edges of what amounted to U.S. hegemony. In some ways, the […]