Trade Archive

Argentine President Mauricio Macri paid a three-day visit to India last month, a sign of India’s recent efforts to deepen its links with Argentina. But while high-level engagements have increased in recent years, the two sides have mostly been unable to realize the full benefits of increased cooperation, says Ronak D. Desai, a scholar at Harvard University’s Lakshmi Mittal South Asia Institute. In an interview with WPR, he explains why Latin America is increasingly seen as a priority for New Delhi’s diplomatic strategy and what it will take for India to compete with its rival, China, in the region. World […]

On March 23, Italy officially joined China’s Belt and Road Initiative, or BRI, an expansive development strategy first unveiled in 2013 that aims to build a network of roads, railways and ports connecting China with more than 60 countries across Africa, the Middle East and Europe. In addition to the memorandum of understanding on the infrastructure-building initiative, signed during Chinese President Xi Jinping’s visit to Rome last week, the two countries agreed on a constellation of deals worth 2.5 billion euros ($2.8 billion), ranging from banking and energy to sports. The visit’s outcome reflects deepening relations between the eurozone’s third-largest […]

The World Trade Organization's influence and capacity are diminishing. But the biggest threat it faces comes from its erstwhile champion, the United States under President Donald Trump, who is less interested in WTO reforms and more interested in bending the organization to his will. The World Trade Organization is in crisis. Member states doubt its capacity to spur economic liberalization, counter China’s market-distorting policies or resolve deepening trade disputes. But the biggest threat it faces comes from its erstwhile champion, the United States. President Donald Trump is determined to weaken, even destroy, the organization. The White House speaks the language […]

American farmers have arguably suffered the greatest collateral damage in President Donald Trump’s ongoing trade war with China, and things could get even worse. A landmark ruling last month by the World Trade Organization—one of Trump’s favorite targets—should have been good news for American farmers, since it could provide a bit of relief for them from the trade war. But even that small compensation is now likely to be delayed or lost—again because of Trump. Even if Trump’s trade war with China ends soon, American farmers are going to struggle to regain the markets they once had there. Making matters […]

In its early days, the international trade regime that the United States and its allies created after World War II counted relatively few less-developed countries as members. For the first few decades, developing country members of the General Agreement on Tariffs and Trade, the precursor to the World Trade Organization, remained mostly small in economic size, unimportant in trade and participated little in multilateral trade negotiations. In the 1960s and 1970s, developed countries unilaterally extended preferential market access to poorer countries to spur economic growth and development. As the “newly industrializing countries” of Asia, followed by Brazil, India, Mexico, South […]

In this week’s Trend Lines podcast, WPR’s editor-in-chief, Judah Grunstein, and managing editor, Frederick Deknatel, discuss challenges facing China and what they mean for relations with the U.S., against the backdrop of the Chinese Communist Party’s annual National People’s Congress, which is taking place this week. For the Report, Shira Rubin talks with WPR’s senior editor, Robbie Corey-Boulet, about how Israel’s New Right party could jeopardize Prime Minister Benjamin Netanyahu’s re-election prospects. If you like what you hear on Trend Lines and what you’ve read on WPR, you can sign up for our free newsletter to get our uncompromising analysis […]

Before Saudi Crown Prince Mohammed bin Salman arrived in Beijing for a major visit late last month, he was the target of an intense lobbying effort at home and abroad. Members of the Uighur diaspora in Saudi Arabia and beyond hoped the young, powerful royal would acknowledge China’s nationwide crackdown on its own Muslim population. For the past year, a state-sponsored campaign against expressions of Islamic piety has roiled Muslim communities throughout China—especially in the northwestern region of Xinjiang, where analysts now estimate that more than 1 million ethnic Uighurs have been detained in so-called “re-education camps.” Instead, as he […]

Hanoi’s role as host of the second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un put U.S.-Vietnam ties in the spotlight. Over the past decade, Hanoi and Washington have succeeded in putting the bitter memories of the Vietnam War behind them to forge a mutually beneficial relationship. But the jolt of Trump’s withdrawal from the Trans-Pacific Partnership early in his term and several potential irritants could complicate efforts to develop even closer ties. In an email interview, Carlyle A. Thayer, emeritus professor at the University of New South Wales, Canberra, explains the impact of the […]