Trade Archive

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. Guest contributor Lavender Au wrote the lead story in China Note this week. When the U.S. tightened restrictions on Huawei’s access to semiconductor chips last week, the Trump administration’s goal became clear, if it wasn’t already: kneecap the Chinese telecom giant’s technological advancement. Under a previous round of U.S. trade restrictions in May, Huawei was blocked from using American technology to make its own semiconductors, but the company found workarounds by obtaining chips designed by third parties. The latest […]

Not long ago, The New York Times labeled President Donald Trump the “biggest obstacle” to his own administration’s China policy. Trump’s trade war with China, which he launched as part of his campaign promise to get tough on its unfair trade practices, has always had unclear and shifting goals, while producing minimal results. Even as his administration has taken a relatively tough line against China’s high-tech industrial policies, Trump’s odd affinity for authoritarian leaders, including his “good friend” in China, Xi Jinping, kept getting in the way of a coherent policy, especially when it came to protecting human rights. Any […]

The special protection that investors based in the United States have long enjoyed when they do business abroad seems to be on its way out, and it’s about time. Unlike other private parties, including workers and consumers, foreign investors have access to special arbitration arrangements to protect their businesses in partner countries that sign bilateral investment treaties or preferential trade agreements with the U.S. This mechanism, known as investor-state dispute settlement, or ISDS, has attracted increased scrutiny since the U.S. insisted on including an expanded version of it in the North American Free Trade Agreement in the 1990s. Now, both […]

The global economic map is reshuffling, and predictions abound on where the pieces will land. As companies scramble to protect themselves from U.S. President Donald Trump’s trade wars, the growing technology rivalry between the United States and China, and the disruptions caused by the COVID-19 pandemic, will the long-promised “reshoring” of manufacturing back to higher-wage countries finally take place? Will the U.S. and China “decouple” their economies, particularly for the technologies of the future? If so, how will Europe, Japan and others respond? For the moment, the big winner is uncertainty. We have moved from a world in which companies […]

The past year has been a perfect storm for America’s shale gas companies, on both the domestic and international fronts. Record-setting levels of American gas production and consumption in 2019 masked the fact that the industry was already under siege, as years of insufficient returns pushed investors away from financing new drilling and exploration. Meanwhile, newly commissioned projects aimed at exporting liquified natural gas, or LNG, faced headwinds on international markets due to a global supply glut. The COVID-19 pandemic exacerbated these issues, as it further depressed domestic and international demand for natural gas. The collapse in oil prices as […]

However one judges the results, there is no question that President Donald Trump has taken American trade policy in a very different direction than his predecessors going back decades. He has rejected multilateralism and severely weakened the World Trade Organization, while embracing the use of tariffs against allies and adversaries alike. Biden has been clear that, if elected, he would restore a more multilateral approach, especially with respect to challenging Chinese trade practices. He has also assured union supporters that he would put the interests of American workers at the core of his trade policy. Beyond those broad principles, however, […]

President Donald Trump touts them as campaign promises he has delivered on, but by reversing Washington’s long-standing commitment to open markets and clamping down on immigration, he may have done permanent damage to the U.S. economy and America’s global reputation. Tariffs, especially against China, are now higher than they have been in decades. American acceptance of refugees is sharply lower, and the Trump administration has recently turned its sights on temporary foreign workers and foreign students. Although the tariff increases and some of Trump’s executive actions against immigration could be undone if his Democratic challenger, Joe Biden, wins in November, […]