Trade Archive

There is a future in which wind turbines, twice as tall as the Statue of Liberty, produce electricity across the United States. Because of their height, these turbines would generate power from stronger, more constant gusts, making wind power a viable option in all 50 states, instead of primarily those in the nation’s plains where there are steady, lower winds. In this same future, inexpensive solar cells would coat windows, turning office buildings and homes into self-reliant electricity “prosumers.” Best of all, these technologies would be American innovations. The United States could breathe a sigh of relief after China briefly […]

When he was British prime minister, David Cameron promised that his country would become China’s “best partner” in the West. His recent decision to accept a leadership role in a new joint Sino-British investment fund—part of China’s ambitious Belt and Road development initiative, no less—shows that, even after his retirement from frontline politics, Cameron is still dedicated to making good on that commitment. Last month, as part of his new job, he had a personal meeting with Chinese President Xi Jinping in Beijing, where he expressed hope for a new “golden era” of U.K.-China relations, echoing what he said when […]

Last week, negotiators from the European Union and Latin America’s Mercosur trading bloc, which includes Brazil, Argentina, Paraguay and Uruguay, concluded another round of unsuccessful talks in Brussels aimed at securing a free trade agreement. Negotiations between the two sides have been ongoing periodically for over two decades, and the most recent round again failed to provide a breakthrough, although talks will reconvene in Paraguay on Feb. 19. In an email interview, Sebastian Dullien, a senior policy fellow at the European Council on Foreign Relations and a professor of international economics at the applied sciences university HTW Berlin, discusses the […]

Editor’s Note: This article is part of an ongoing series about the production and trade of arms around the world. In late January, Australia’s prime minister, Malcolm Turnbull, unveiled a plan to make his country one of the world’s top 10 arms exporters. Currently, Australia exports about $1.5 billion to $2.5 billion in defense equipment annually, a figure that Turnbull said his government is seeking to increase significantly in the coming decade. In an email interview, Greg Colton, a research fellow in the International Security Program at the Lowy Institute in Sydney, explains what is behind the government’s strategy and […]

BELGRADE, Serbia—Is China building a Trojan horse in a divided Europe? The diplomatic initiative between China and 16 countries in Central and Eastern Europe, known as the 16+1, has become more controversial since its launch in 2012 at a summit in Poland. Critics worry that it may undermine the European Union’s unified approach to Beijing, weaken transparency in economic and diplomatic engagement, and give a secretive regime with an increasingly muscular foreign policy a foothold in Europe. The 16 European countries are all ex-communist states, and all but five are EU members. In January, Hans Dietmar Schweisgut, the EU’s ambassador […]

In making trade policy, process is as important as substance. If the process is perceived as fair, the participants, both citizens and policymakers, will likely view the outcomes as fair. The Trump administration has never understood that. It demands “fairness” from its trade partners but doesn’t always treat them fairly. After immediately withdrawing from the 12-nation Trans-Pacific Partnership and threatening to withdraw from longstanding trade agreements, such as NAFTA and even the World Trade Organization, President Donald Trump has made it clear he views trade as a zero-sum game where only one side can “win.” But trade is about mutual […]