Trade Archive

President Jair Bolsonaro assumed office in 2019 with the goal of aligning Brazil’s foreign policy with Western democracies and ending the economic dependence on China that grew markedly under his predecessors in the left-wing Workers’ Party. In his presidential campaign, Bolsonaro positioned himself as a candidate of the right, speaking out against “socialism” and “communism,” with pointed references to neighboring Venezuela, and openly identified with the right-wing populist message of U.S. President Donald Trump. So far, Bolsonaro’s attempt to reorient Brazil’s foreign policy toward the U.S. has met with mixed success, in part because China’s leaders have outworked their counterparts […]

Editor’s Note: Guest columnist Edward Alden is filling in for Kimberly Ann Elliott. The World Trade Organization is dying. We’ll miss it when it’s gone, for many reasons. But one stands out in particular: The WTO helps keep national leaders from doing economically harmful things for domestic political reasons. Without that constraint, we can expect governments to take more and more actions that are politically popular but harmful to both their national economies and to the global economy. The decision last week by a WTO dispute settlement panel that ruled against the Trump administration’s tariffs on China is a sign […]

Since the 2016 Brexit referendum, the United Kingdom has been trying hard to figure out its new position on the global stage. Not without a certain degree of nostalgia, the ruling Conservative Party has put forward the idea of “global Britain,” reviving old imperial networks and repositioning London at their center. Arguably, nowhere are the contradictions of this idea more evident than in the U.K.’s ties with the Arab states of the Persian Gulf. There, London is struggling—and often failing—to find an advantageous balance between projecting the gravity befitting a global power and retaining the favor of its autocratic partners […]

Reciprocity has become the watchword for the Trump administration’s increasingly confrontational approach to China, from imposing limits on the movement of Chinese diplomats and journalists within the U.S., to banning Chinese-owned social media and messaging platforms TikTok and WeChat. The immediate goal is to impose costs for Beijing’s similar restrictions on the activities of American diplomats, journalists and tech companies in China, while insulating the U.S. from the potential security risks of Chinese tech companies that officially operate in the private sector but remain in thrall to the ruling Communist Party. Beyond that, however, it is unclear what President Donald […]

Four years after Britons voted narrowly to leave the European Union, the Brexit drama continues. The United Kingdom formally left the EU in January, but trade and other arrangements remain the same while negotiators try to reach a final agreement by the end of the year on the terms of the post-Brexit trade relationship. So far, however, the deadline is looming with no agreement in sight. British Prime Minister Boris Johnson last week raised the stakes by threatening to stop talking if there is no agreement by Oct. 15. His government further complicated things by releasing draft legislation that Johnson’s […]

Though changes in trade policy create winners and losers within a given country, the net effect of lowering import tariffs is generally positive for the country’s economy as a whole. Now, however, tariffs are already low, so the trade agenda involves mostly addressing regulatory and other “technical” barriers to trade generated by countries’ domestic policies, with a core principle of international trade rules being to ensure that these domestic policies do not discriminate against imports. But using legally binding trade agreements to influence the substance of policies that apply to both imports and domestic products alike can create friction between […]

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China. Guest contributor Thomas Lee wrote the lead story in China Note this week. Amid a global pandemic and a summer of natural disasters and social unrest in the United States, it might be easy to forget that the country is still locked in a destructive trade war with China. Not that China itself is far from the minds of the two major U.S. presidential candidates, especially President Donald Trump. During last week’s Republican National Convention, Trump not surprisingly went […]