Trade Archive

Earlier this month, Australia hosted its first special summit with the Association of Southeast Asian Nations, the 10-member regional bloc known as ASEAN. While it is not a member, Australia has developed a close working relationship with the group. Amid discussions in Sydney focused on regional security and trade issues, Australian Prime Minister Malcolm Turnbull hailed ASEAN as a “strategic convener.” The two sides also unveiled a joint infrastructure initiative that looks to provide a potential alternative to China’s huge Belt and Road Initiative. In an email interview, Evan Laksmana, a senior researcher at the Centre for Strategic and International […]

TOKYO, Japan—Just when Japanese Prime Minister Shinzo Abe believed he had put the relationship with his unpredictable American counterpart on a solid footing, U.S. President Donald Trump threw two curveballs into the mix. The first was Trump’s snap decision to meet with North Korean dictator Kim Jong Un, after months of holding to a hard-line approach backed by Japan. The second was the administration’s announcement that it would impose steep tariffs on metal imports, a measure that was notionally targeted at China but could also harm several allies, including Japan, unless they are able to win exemptions. So far, Japan […]

On Monday, Saudi Arabia’s powerful crown prince, Mohammed bin Salman, arrived in the United States for a three-week marathon visit that follows stops in London and Cairo, where red carpets were rolled out and a number of big-ticket deals signed. But the United States was always the centerpiece of this roadshow. The crown prince will crisscross America on his way from a pro forma appearance in Washington to potentially more meaningful stops in Boston, New York, Seattle, Silicon Valley, Los Angeles and Houston, where he will court influential investors and partners for his far-reaching reform agenda back home. Prince Mohammed […]

Earlier this month, the United States, Canada and Mexico concluded the seventh round of talks to amend the North American Free Trade Agreement, once again failing to agree on terms to update the 24-year-old pact that U.S. President Donald Trump promised to renegotiate. Trump’s threats to pull the U.S. out of NAFTA if he doesn’t get what he wants, on top of his other protectionist trade policies, have pushed Mexico to diversify its trade relationships, including with its neighbors in Latin America. In an email interview, Duncan Wood, the director of the Mexico Institute at the Wilson Center in Washington, […]

Jordan announced this week that it was suspending its free trade agreement with Turkey, in order to protect Jordanian companies from what it called “unequal competition” from industries supported by the Turkish government. It looks like a setback in ties between Amman and Ankara, yet the geopolitical picture is more complicated. Two weeks ago, over consecutive days in late February, Turkey’s foreign minister, Mevlut Cavusoglu, and its highest-ranking military officer, Gen. Hulusi Akar, visited Jordan for meetings meant to signal both countries’ desire to upgrade their bilateral relationship in light of regional developments. A major impetus is undoubtedly the Trump […]

U.S. President Donald Trump on Thursday signed an order imposing tariffs on steel and aluminum imports. The tariffs, which will go into effect in 15 days, exempt Canada and Mexico for now, with the possibility of other states to be exempted as well. Combined with the resignation earlier this week of Gary Cohn, the president’s chief economic adviser who had been seen as a check on Trump’s protectionist instincts during his tenure as director of the National Economic Council, they signal that Trump is ready to make good on campaign promises of getting tough on trade—and in particular with China. […]