Trade Archive

After the United States and China signed their “phase one” trade deal in mid-January, it seemed that the European Union might be the next target in President Donald Trump’s trade wars. At the time, the White House was threatening to increase tariffs amid the ongoing dispute over EU subsidies to Airbus and impose new tariffs over France’s proposed tax on digital service providers, while still holding out the possibility of tariffs on more than $40 billion in automobile imports from Europe. Since then, the Trump administration has held its fire in those disputes, and the prospects for a bilateral trade […]

Across Africa and beyond it, there is widespread agreement among governments and policymakers that economic integration would give a critical boost to growth and development on the continent. Yet when he visited Washington earlier this month, Kenya’s president, Uhuru Kenyatta, pledged alongside President Donald Trump to launch negotiations toward a bilateral trade deal. The two leaders’ motivations are likely quite different, and the odds of a successful negotiation are uncertain at best. But, like the European Union’s own ad hoc trade deals throughout Africa, a U.S.-Kenya free trade pact would create new barriers to intra-African trade, rather than reducing them, […]

The United Kingdom may have officially left the European Union, but the terms of its exit are still being worked out, including what British trade policy will look like post-Brexit. During the current transition, which lasts until at least the end of the year, the U.K. will continue trading under EU rules while negotiating new arrangements with Brussels. Once that is done, the British government will be free to negotiate new trade terms with the rest of the world. While a potential free trade deal with the U.S. gets all the attention, development advocates are watching to see how the […]

The fast-spreading new coronavirus that originated in the Chinese city of Wuhan is, at its most immediate level, a public health crisis. But it is also much more than that. As governments struggle to contain the epidemic, the virus is already having economic ramifications in China and around the world. That’s the second level of its impact. And as the epidemic threatens to become a pandemic, and the speed of the contagion exceeds the number of cases of the 2003 SARS outbreak, there is a third level of consequences that has received far less attention: This coronavirus could leave a […]

BELFAST, Northern Ireland—The two main political parties in Northern Ireland announced a deal last month to restore the region’s power-sharing government, which had ceased to function three years ago. Within 24 hours of the announcement of the deal on Jan. 10, which was brokered by the British and Irish governments, Northern Ireland’s institutions of devolved government were back up and running. Yet while many in Belfast are breathing a sigh of relief, British Prime Minister Boris Johnson’s recent Brexit deal has created a host of new problems for the region that the reopened Northern Ireland Assembly will need to confront. […]

In a month spent celebrating supposed trade triumphs, the White House quietly conceded that some of President Donald Trump’s tariffs, on imports of steel and aluminum, were in fact failing to achieve their stated aim of boosting American production. But instead of rolling the tariffs back, Trump issued new ones. Late on a recent Friday night, a time when all presidents try to bury bad news, the White House released a proclamation in which Trump ordered new tariffs on nails, wire, car bumpers and certain other metal-based products because increased imports of those “derivative” products were “undermin[ing] the purpose” of […]