Trade Archive

President Donald Trump’s trade policy made a lot of headlines in 2019, particularly his trade war with China and his constant threats to impose tariffs on close U.S. partners and allies. But while America under Trump heads in a protectionist direction, 15 countries in the Asia-Pacific are putting the finishing touches on the world’s largest free trade area, known as the Regional Comprehensive Economic Partnership. RCEP, as the deal is known, is just one sign that the U.S. is increasingly “on the outside looking in” when it comes to multilateral trade agreements, according to former U.S. trade negotiator Wendy Cutler. […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. The U.S. and China agreed to a long-anticipated “phase one” trade deal last Friday, pausing for now a trade war that has weighed down the global economy for more than a year. The agreement offers relief to both sides, but solutions to the deeper economic grievances that U.S. officials and businesses have long harbored toward China seem as far off as ever. Under the deal, which won’t be signed until January, the U.S. will reduce its tariffs on Chinese […]

It was another roller coaster ride in Washington last week—and that was before the Judiciary Committee of the House of Representatives voted Friday morning to approve two articles of impeachment against President Donald Trump. Despite impeachment getting closer to a full vote on the House floor, Speaker Nancy Pelosi announced early in the week that the House would also vote on Trump’s top trade priority: replacing the North American Free Trade Agreement with the renegotiated U.S.-Mexico-Canada Agreement, or USMCA. By the end of the week, Washington and Beijing had filled in enough details on the “phase-one” deal to avoid Sunday’s […]

LONDON—In the weeks leading up to the British general election last Thursday, all the opinion polls suggested that the Conservative Party was on course for a large parliamentary majority, with the Tories enjoying an average lead of 10 points over the opposition Labour Party. Yet despite the polls having pointed in that direction all along, few observers expected such a crushing victory. In the end, the Conservatives took 365 seats, handing them an 80-seat majority and dealing Labour its most brutal defeat since 1935. But it isn’t simply the scale of the Tories’ victory that provoked disbelief. It was the […]

It came in a predawn tweet, like so many things from President Donald Trump: The announcement of new tariffs on steel and aluminum imports from Brazil and Argentina. It was just the start of another wild week in Trump’s trade wars. He then threatened to retaliate against France for its new tax on American technology companies with tariffs on French exports of wine, cheese and handbags. Later in the week, Trump said he might prefer to wait until after the election to reach the “phase-one” trade deal with China he announced as all-but done back in October. The comments raised […]

In 2003, just as I was arriving in China as a correspondent for The New York Times, tectonic changes were coming to the worlds of internet commerce, search and social media. But their rumblings were so deep beneath the surface that few could have predicted their long-term consequences. That year, Alibaba, a four-year-old web company that had started out of an apartment in Hangzhou, fended off an ambitious push by eBay into China’s e-commerce market by eliminating merchant fees for Taobao, Alibaba’s own e-commerce platform, even as it was losing money. The move helped put Alibaba on the road to […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. As U.S. and Chinese negotiators scramble to finalize a “phase one” trade agreement, uncertainty is rising over whether a deal can actually be reached. Beijing has responded angrily to recently passed legislation in the U.S. that targets China for human rights violations, and President Donald Trump suggested Tuesday that he could wait until after the 2020 U.S. presidential election to complete a trade deal with China. Some observers on both sides of the Pacific see these developments as impediments […]

Since his first day in office, President Donald Trump has made clear his general discomfort with multilateralism and particular dislike for the World Trade Organization. It was little surprise that he appointed Robert Lighthizer, a long-standing skeptic of the WTO and its legally binding dispute settlement system, as the U.S. trade representative. Over the past two years, as it has unilaterally imposed tariffs on trading partners and launched a major trade war with China, the Trump administration has taken steps to steadily weaken that system by blocking appointments to the body overseeing appeals. Now, the White House is reportedly threatening […]