Trade Archive

Employing an adversarial tone that surprised many observers, the White House’s newly unveiled National Security Strategy described China as a “revisionist power” that “actively competes” against the United States and its allies and partners. It accused China of trying to “shift the regional balance in its favor” and “displace the United States in the Indo-Pacific region.” The strategy, the first released by President Donald Trump since taking office, also declared that China seeks to shape a world “antithetical” to U.S. values and interests, and painted China’s expanding economic and diplomatic influence in a decidedly negative light, deploying terms like “extractive” […]

When Laos’ National Assembly ratified the appointment of a new president and prime minister to lead the closed, one-party communist state in early 2016, most analysts viewed the political changes in Vientiane as signaling a shift away from its much larger and influential neighbor, China. Laos, it seemed, was making a concerted attempt to balance relations more equally with its other neighbors. Yet two years on, China’s influence in its impoverished southern neighbor has only grown. A controversial railway project funded by Beijing is moving forward, and President Xi Jinping made a high-profile state visit in November, touting Laos as […]

Earlier this month, Canadian Prime Minister Justin Trudeau traveled to Beijing and met with his Chinese counterpart, Li Keqiang, to discuss enhanced trade relations. Talks on a potential free trade agreement failed to advance, but they agreed to continue preliminary discussions. In an email interview, Stewart Beck, president and chief executive of the Asia Pacific Foundation of Canada, discusses the nature of economic ties between Canada and China, the prospects for a free trade agreement in the future, and why Canada is looking to diversify its options as NAFTA’s fate remains up in the air. WRP: Canada and China are […]

The lifting of international economic sanctions on Iran following the 2015 nuclear agreement opened the doors to what many observers expected to be a rush of foreign investment. Yet lingering restrictions from the United States and the decision in October by the Trump administration to decertify the Iran deal have kept some European firms at bay, while China has exploited opportunities in their absence. In an email interview, Nader Habibi, the Henry J. Leir professor of economics of the Middle East at Brandeis University’s Crown Center for Middle East Studies, discusses China’s involvement in Iran before and after the nuclear […]

Little is expected from the World Trade Organization’s 11th ministerial conference next week in Argentina. U.S. President Donald Trump’s hostility to multilateral agreements is a serious impediment, and American trade officials engaged in preliminary talks in Geneva have said they do not expect, nor want, any negotiated agreements to come out of the meeting in Buenos Aires. This is despite the fact that several items on the WTO’s agenda, including e-commerce, constraints on trade-distorting agricultural policies and constraints on fishing subsidies, have been U.S. priorities in the past. By contrast, China has signaled throughout this year that it supports open […]

After President Donald Trump reluctantly signed legislation in August imposing new U.S. sanctions on Moscow for its interference in the 2016 U.S. presidential election, Russia’s parliament last month drafted a bill that would try to shield Russian banks from further sanctions by obscuring their investments in the state-controlled arms industry. The United States and the European Union have imposed multiple layers of sanctions on Russia since 2014 for its actions in Ukraine. In an email interview, William Courtney, an adjunct senior fellow at the RAND Corporation and former U.S. ambassador to Georgia and Kazakhstan, discusses the impact of Western sanctions […]