Trade Archive

While recognizing that it could be undone at any time by a single presidential tweet, there appears to be a truce on at least one front in Donald Trump’s trade war. During a visit to the White House last week, European Commission President Jean-Claude Juncker pledged along with Trump to refrain from further escalation of the trans-Atlantic trade dispute and try to work things out. Their joint statement was vague, and the U.S. steel and aluminum tariffs on the European Union, and the EU’s retaliatory tariffs, remain in place for now. Trump imposed those duties on supposed national security grounds, […]

Editor’s Note: Every Friday, WPR Senior Editor Robbie Corey-Boulet curates the top news and analysis from and about the African continent. It was a turbulent home stretch for Mali’s presidential campaign, which formally ended Friday. Though voting was still two days away, the credibility of the results had already been called into question. That’s because some members of the opposition spent the past week taking issue with the voters’ roll, reportedly raising objections after the election commission published an online version that differed from the version that had been vetted by international monitors. Officials from the election commission attributed the […]

Earlier this month, Japan and the European Union concluded a mega-free trade deal that, when ratified, is expected to provide significant benefits to both sides. But as important as the economics of the deal is its symbolism, demonstrating a commitment to an international trade regime that has been passing through a zone of turbulence over the past year, largely due to arcane protectionist measures from the Trump administration. The U.S. has imposed large tariffs and threatened more on a wide range of products and countries, including allies such as Japan, Canada, Mexico and the European Union. Washington’s turn to protectionism […]

Officials from the European Union are headed to Washington this week for trade talks with the Trump administration, but nobody is optimistic. If the talks don’t go well, President Donald Trump has already said he is prepared to follow through on his threat of imposing further tariffs, as high as 25 percent, on cars and car parts imported from the EU. “If we don’t negotiate something fair, then we have tremendous retribution, which we don’t want to use, but we have tremendous powers,” Trump told reporters at the White House last week. “Including cars—cars is the big one.” However the […]

The visit of Ethiopian Prime Minister Abiy Ahmed to Washington later this month presents President Donald Trump with a chance to make his first meaningful diplomatic contribution in Africa, a continent that appears to rank dead last in his global priorities. Trump can seize the opportunity by extending a White House invitation to his counterpart, who is in the United States for meetings with diaspora groups. By doing so, he would lend the weight of his office to a recent peace deal ending the war between Ethiopia and its neighbor Eritrea. The conflict lasted from 1998-2000 and cost tens of […]

Last week, during a press conference in Abuja, Nigerian President Muhammadu Buhari said he would “soon sign” the agreement creating the African Continental Free Trade Area, or ACFTA. His vow came nearly four months after the agreement was unveiled, and Buhari offered an unusual explanation for the delay. “I am a slow reader, maybe because I was an ex-soldier,” he said. “I didn’t read it fast enough before my officials saw that it was all right for signature.” That may well be true. But it’s also true that Buhari had come under pressure from the man standing next to him […]

President Donald Trump’s summit in Helsinki with his Russian counterpart, Vladimir Putin, will almost certainly be a watershed moment in his presidency. Trump’s refusal to publicly hold Putin and Russia accountable for the unraveling of bilateral ties since 2014—most prominently, his equivocating response to a question about Russian meddling in the 2016 presidential election—has generated widespread public outrage, even among Trump’s most vocal supporters in the media and political classes. What remains to be seen is how that backlash affects his domestic base of political support. Will the Helsinki summit prove to be Trump’s “emperor has no clothes” moment, when […]

For decades American presidents pursued multilateral trade agreements and supported international institutions that bolstered liberal trade policies around the world because they believed it was in the United States’ interest to do so. Yes, multilateral trade rules and institutions are relatively more beneficial for smaller, less powerful countries that cannot take on the United States or European Union on their own. And, yes, the rules under the World Trade Organization, or WTO, constrain the United States’ freedom of action, as did the predecessor arrangement, the General Agreement on Tariffs and Trade, or GATT. Yet U.S. presidents going back to Harry […]

Last month, nationwide protests laced with anti-Chinese sentiment erupted in Vietnam in response to the government’s plans to offer long-term foreign leases in three special economic zones. More than 100 people were arrested in the demonstrations, which once again exposed a fundamental challenge for the Communist Party of Vietnam in managing public opinion over its relationship with China. This is hardly a new issue for Vietnam. Its giant northern neighbor dominated it for nearly a millennium of imperial Chinese rule, and they have fought multiple wars in more recent centuries. Given that long, contested history, along with its proximity to […]

America’s trade war with China is back on. But where it is headed, no one knows. Just after midnight on July 6, the United States began collecting 25 percent tariffs on $34 billion in imports from China. Beijing immediately retaliated with similar duties on U.S. exports. President Donald Trump has already ordered tariffs on another $16 billion in Chinese exports for later this summer, after the comment period on the American list closes, and China will retaliate again. Assuming that happens as planned, the Trump administration will have levied tariffs on over $100 billion in imports into the United States. […]

More than four years after Thailand’s military seized power in a coup—the 19th coup or coup attempt since the end of absolute monarchy there in 1932—the country still seems far from a return to civilian rule. Since his putsch, junta leader Prayuth Chan-ocha has repeatedly promised that elections will be held, only to put them off again and again. Most recently, the junta allowed political parties to register earlier this year and suggested that new elections would be held by February 2019 at the latest. However, in recent weeks the military has again waffled on that date, and is now […]

The result was almost inevitable, yet Mexico still awoke with a sense of uncertainty Monday as Andres Manuel Lopez Obrador, a veteran leftist and long-time critic of the country’s political establishment, finally captured the presidency in a landslide victory. AMLO, as he is better known in Mexico, fulfilled poll predictions by sweeping aside his rivals, Jose Antonio Meade of the incumbent Institutional Revolutionary Party, or PRI, and Ricardo Anaya of the Citizens Front alliance, winning 53 percent of the vote. His Together We’ll Make History coalition captured majorities in both houses of Congress. His victory had appeared a mere formality […]

Editor’s Note: Every Friday, WPR Senior Editor Robbie Corey-Boulet curates the top news and analysis from and about the African continent.It’s been a rough few weeks for the G5 Sahel Joint Force, a counterterrorism initiative involving five West African countries that launched its first deployments last November. A series of recent setbacks have exposed indiscipline within the force’s ranks, the severity of the security challenges it faces and a lack of political will to ensure it succeeds. First, the U.N. mission in Mali, where the G5 Sahel is headquartered, reported last week that Malian members of the force “summarily and/or […]

To whatever extent it is possible to become accustomed to the president of a major liberal democracy continuously lying, day after day, the world has grown more or less used to President Donald Trump’s practice of incessantly spraying his unique stream of falsehoods across social media, political rallies and assorted public events. Editors at major media organizations have grappled with the complications of deciding whether or when to label the president’s untruths as “lies,” noting that a lie requires a conscious intention to deceive and knowledge that a statement is incorrect—and it is not always clear that is the case […]

The U.S. Constitution gives Congress the power to regulate trade, and for more than a century it did so with gusto. Then, grasping for ways to escape the Great Depression and reverse the downward economic spiral that followed the protectionist Smoot-Hawley Tariff Act, which passed in 1930, Congress delegated some of its trade power to the executive branch. In subsequent decades, Congress provided additional authorities allowing the president to control trade policy. Now, however, with concerns about President Donald Trump’s aggressive trade policy moves—imposing a range of tariffs on close allies and rivals alike, and threatening more—there are calls to […]