Exactly 20 years after they started, representatives from the European Union and Mercosur concluded negotiations on one of the biggest trade deals in history. The EU is the South American bloc’s first major trade partner, and the new agreement is the largest ever for both sides.
The White House released a statement yesterday announcing the successful negotiation of the new United States-Mexico-Canada Agreement, intended to replace NAFTA. Here are some of the significant changes people are talking about now.
The Trump administration imposed a third round of tariffs on Chinese goods, covering roughly $200 billion of imports from China. China retaliated with $60 billion of tariffs. We tell you if this is likely to be a prolonged battle and what US companies need to consider now.
The US has imposed tariffs on steel and aluminum imports from the EU, Canada and Mexico. These major US trading partners and traditional allies quickly condemned the measures and vowed retaliation. Here’s what US-based multinationals should be most concerned about now.
Trade-agreement negotiations between the EU and the four South American countries that comprise Mercosur have dragged on for 17 years, but they’ve taken on a new urgency due to US protectionist policies. The two sides aim to finalize an agreement by the end of the year.
Last week, the US Trade Representative Office released a summary of objectives for NAFTA renegotiation, which will likely begin next month. We explain the Trump administration's change in strategy and why the renegotiation is so important.
On a recent trip to Vietnam, US Trade Representative Robert Lighthizer announced that the US won't change its decision to pull out of the Trans-Pacific Partnership. Meanwhile, the remaining 11 TPP nations met to discuss the fate of the trade agreement.
Chinese President Xi Jinping’s speech this month to the World Economic Forum about the importance of globalization presented an unexpected and bizarre contrast to President Trump’s protectionist inaugural address. This post explains why some feel the US is in effect about to play the part of the 2003 Buffalo Bills to China’s 2003 New England Patriots.
In just a few years, Mongolia has gone from being a global economic rising star to a country in economic free-fall. This post explains the reasons for the collapse and why an enterprising NFL team might want to send a scout to this remote region.
This week we look at: Venezuela’s economic crisis; Lyft’s evolving global expansion strategy; and Larry, the UK’s Chief Mouser.
This week's Global Glance looks at how currency pegs work; why Nigeria abandoned the peg; and the success of the East African Community.
Welcome back to Global Glance. This week we look at: the lifting of the Iran sanctions and what it means for US businesses; India’s Jat protesters and caste system; and the G20 meeting in Shanghai.