Trade Archive

Ahead of a potential meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un, recent statements from Washington and Pyongyang have veered wildly in tone and substance, moving from conciliatory to combative and back again. Yet the latest head-spinning developments follow several months of seemingly steady progress toward a potential breakthrough on the Korean Peninsula. The following 10 WPR articles trace that remarkable shift and also describe the risks for both sides going forward. The following 10 articles are free for nonsubscribers until June 14. Making Nice Will the Spirit of Korean Reunification Linger After the Olympics? […]

There’s little reason to believe that U.S. President Donald Trump will successfully achieve his foreign policy objectives. But as a thought experiment and for the sake of argument, what would America and the world look like if he did? Trump’s “America First” agenda is predicated on a number of notions, explicit and implicit, regarding how to promote strength at home and abroad. First, the U.S. should maintain balanced accounts, and where possible net surpluses, in its trade relationships. Second, America’s alliances and security partnerships should be as close to cost-neutral as possible. Third, the U.S. should not shrink from leveraging […]

It’s déjà vu all over again. Where’s the beef? And speak loudly, but forget the stick. Those were among the clichés that came to mind during the Trump administration’s China trade policy gyrations over the past few weeks. Almost exactly a year after Commerce Secretary Wilbur Ross announced the results of a “herculean” effort to get a deal with China to boost U.S. exports of energy and agricultural goods, and six months after Ross announced another set of deals purportedly worth $250 billion in increased American exports of natural gas, soybeans, beef and pork, the White House released a joint […]

Last week, President Donald Trump announced the United States would be reimposing unilateral sanctions against Iran that had been suspended as part of the 2015 multilateral nuclear deal known officially as the Joint Comprehensive Plan of Action, or JCPOA. At the heart of the U.S. sanctions are measures targeting Iran’s oil and gas sector, including any non-Iranian corporations that do business with Iran. In an email interview, Thijs Van de Graaf, an assistant professor of international politics at Ghent University in Belgium, discusses the evolution of Iran’s oil and gas sector since the JCPOA, and the implications of the reimposition […]

In another move meant to break with his predecessor, President Donald Trump last month announced new export policies for U.S. drones. In presenting Trump’s policy shift, Peter Navarro, assistant to the president for trade and manufacturing policy, said it “will level the playing field by enabling U.S. firms to increase their direct sales to authorized allies and partners.” The media reaction was hyperbolic, with one outlet asking whether the policy now meant Trump could “sell deadly drones to dictators,” and another stating in its headline that “Trump offers deadly U.S. drones to more countries.” But does the move simply harken […]

In late April, the European Union and Mexico announced the successful conclusion of negotiations to update their current trade agreement. The new framework, which still must be formally ratified and signed, will expand the range of products exempted from tariffs. It represents the latest effort by both sides to diversify their free trade arrangements against the backdrop of rising American protectionism under President Donald Trump. In an email interview, Sean Goforth, a contributing analyst at the geostrategic consulting firm Wikistrat, discusses how the new deal will affect EU-Mexico trade, opportunities and obstacles for expanding commercial ties, and the implications of […]

This week, Nigerian President Muhammadu Buhari was the first leader from sub-Saharan Africa to visit the White House, 15 months after President Donald Trump took office. Trump, by contrast, hosted leaders from every other major region of the world within the first few months of his presidency. The only other African leader he has welcomed to the White House is Egyptian President Abdel-Fattah el-Sisi, more than a year ago. In his Rose Garden press conference with Buhari, Trump pointedly did not deny calling African nations “shithole countries” earlier this year, in widely reported comments made during a meeting in the […]

At first glance, the U.S. Treasury Department’s April 6 sanctions against 38 Russian individuals and business entities, including oligarchs and senior government officials, would be easy enough to dismiss as the latest reprisal in an escalating geopolitical spat between the United States and Russia. Just a week before, the two countries traded diplomatic expulsions over the poisoning of a former Russian spy in the United Kingdom. Sixty diplomats from each nation were declared persona non grata. The U.S. consulate in St. Petersburg and the Russian consulate in Seattle were both shuttered. The tit-for-tat expulsions followed a February indictment by the […]

What do the Iran nuclear deal, U.S. trade policy and North Korea summits all have in common? The answer is a persistent feature of U.S. foreign policy under President Donald Trump: uncertainty. Trump’s election in November 2016 brought more questions than answers about the future of American foreign policy. Would Trump follow through on his most provocative and incendiary campaign promises and threats, or use them as leverage to win concessions? Would he radically and durably reconfigure America’s global role, or find himself hemmed in by the inertial constraints of the international order? What is so striking, and what the […]