At a time when free trade deals are seen as toxic across the political spectrum, President Joe Biden has promised a “worker-centered trade policy” that aims to create domestic jobs. But from the beginning, his administration’s approach has been met with a great deal of skepticism both from domestic critics and U.S. trade partners.
Though notably quiet this year, China’s annual legislative “two sessions” were still helpful in confirming the direction of Beijing’s economic policies under President Xi Jinping. Rather than implement economic reforms, China will double down on manufacturing and exports, a decision that may exacerbate existing trade tensions.
It may not be a return of the “Pink Tide,” but the region’s left has been showing signs of a revival. Perhaps more than questions of right and left, though, what most characterizes South America today is a sense of instability and democratic fragility. What’s next for the continent?
In response to the success of Chinese electric vehicle, or EV, exports, the U.S. and Europe have opened investigations into Chinese automakers, focusing on aspects of the competition that are deemed unfair or unsafe. But another reason for concern over imports of Chinese-made EVs is so far neglected: human rights violations.
A standoff between Ecuador and Russia over a proposed arms transfer to Ukraine last month foreshadows how global competition among great powers may play out in Latin America moving forward. If the region doesn’t learn from the episode, it will find itself vulnerable to much larger forms of economic coercion over the coming decade.