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Tag Archives: trade

Implications of the Japan – United States Mini Trade Agreement

Details of the US-Japan mini-trade deal are lacking but the agreements’ direct impact on the US and Japanese economies is likely to be minuscule. The deal seems to have been made to compensate American farmers – a crucial electoral base of the President – for their losses from the trade war with China.On 25th of September,  President Trump and Prime Minister Abe concluded a partial trade-agreement whose main provisions are to reduce Japan’s tariffs on some agricultural goods and to reduce US...

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Deep Focus: What’s slowing the Mercosur agreement?

The EU-Mercosur has been 20 years in the making, but a hostile trading environment, unpredictable government and growing environmental concerns are putting it in peril. Is the deal worth fighting for and can it be saved? And could it become a casualty Brazil's forest fires? The European Union and Mercosur – a customs union covering Argentina, Brazil, Paraguay and Uruguay  – have spent two decades negotiating a trade agreement. The gains are modest the ratification process will be...

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Questions to Phil Hogan, Commissioner-designate for Trade

At the presentation of her team for the next European Commission, President-elect Ursula von der Leyen declared that hers will be a ‘geopolitical Commission’. It is no surprise, therefore, that her mission letter to Mr Hogan, the incoming Commissioner-designate for Trade, assigns two roles to European Union trade policy.  By: André Sapir Date: September 25, 2019 Topic: European Macroeconomics & Governance As well as its traditional role of helping growth and jobs in Europe,...

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The EU is in the US trade war crosshairs. It should further raise its game

The incoming European Commission faces a dilemma on the transatlantic trade relationship, because of the unpredictable policies of the Trump administration. The EU must rally its citizens; the greater the divides between member states and EU institutions, the lesser the chances are of forging effective policies toward the United States and China.The incoming European Commission led by Ursula von der Leyen faces a dilemma on the transatlantic trade relationship because of the unpredictable...

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Trump’s Backfiring Trade Policy

President Trump’s radical trade policy continues, as do trade disputes with China. The president promised to sign far better trade deals, ensure fair treatment of American firms and reduce the United States’ trade deficit. None of these objectives have been met.Thirty months into President Trump’s radical trade policy, and as the trade disputes with China escalate and risk turning into a currency war, it is time to take stock.The president promised to sign far better trade deals, ensure fair...

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EU trade policy amid the China-US clash: caught in the crossfire?

What risks face the EU with regard to China’s strategic aims in trade policy and how can the EU respond? The US effort to isolate China poses particular risks for Europe. How can the EU counter such efforts with the aim of forging its own distinct trade policy? How should the EU move forward with reform of the World Trade Organization (WTO) in light of differing demands and aims of trading blocs like China and the US?The authors prepared the text of this Working Paper in their personal...

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Competing Globally: Europe’s Debate Over Trade and Sovereignty

This blog is part of a series following the 2019 Bruegel annual meetings, which brought together nearly 1,000 participants for two days of policy debate and discussion.Europe faces a global test of its resolve to work together while protecting its sovereignty. Global economic relations reflect new tensions between the U.S. and China, poles that increasingly define the international agenda. The European Union, home to the world’s largest single market, has a duty to chart a new course that...

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Truths about Trade: A speech by Cecilia Malmström

Cecilia Malmström, European Commissioner for Trade, talks on the truths of EU trade at the Bruegel Annual Meetings 2019. By: Cecilia Malmström Date: September 4, 2019 Topic: Global Economics & Governance Ladies and gentlemen,Today I want to discuss truth.In the age we live in – of instant communication, simplified messages and government by Twitter – truth can be difficult to hold on to. There is a quote, attributed to Mark Twain: “A lie travels around the globe while the truth...

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Dousing the Sovereignty Wildfire

In time, the current spat between French President Emmanuel Macron and his Brazilian counterpart Jair Bolsonaro regarding the Amazon rainforest may become a mere footnote. But other rows between collective and national interests are sure to erupt, and the world needs to find a way to manage them. By: Jean Pisani-Ferry Date: September 3, 2019 Topic: European Macroeconomics & Governance PARIS – On the eve of the recent G7 summit in Biarritz, French President Emmanuel Macron...

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