Foreign Policy Blogs

Trade & Economics

The trade deficit is widening. Is that really such a bad thing?

The trade deficit is widening. Is that really such a bad thing?

Recent US Commerce Department figures showing a widening of the country’s trade deficit serve to illustrate the inherent contradictions in President Trump’s vow to narrow the gap while urging faster economic growth.

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Under the Radar: Ethiopia’s economic growth offers opportunities and challenges

Under the Radar: Ethiopia’s economic growth offers opportunities and challenges

Not many may know that Ethiopia was among the first countries to join the International Monetary Fund (IMF) when the latter was formed on 27 December 1945.  Nevertheless, it took another 72 years for Ethiopia to welcome its first visit from the IMF Managing Director, in this case, Christine Lagarde who ...

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For American business to thrive, bilateral trade deals aren’t enough

For American business to thrive, bilateral trade deals aren’t enough

The Trump administration has made it very clear that the United States is no longer interested in multilateral free trade agreements or policies. At the same time, the European Union, Japan, and China are forging ahead with multilateral deals. As the U.S. steps aside and other nations and blocs ...

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How the drive for North American energy independence could save NAFTA

How the drive for North American energy independence could save NAFTA

Current negotiations between Canada, Mexico and the United States to revise and modernize the North American Free Trade Agreement (NAFTA) have been characterized by notable disagreements and heavy demands across parties, as well as threats from US President Donald Trump to exit the current agreement altogether. However, the energy ...

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Could the Shipping Industry Be Susceptible to Cyber-Attacks?

Could the Shipping Industry Be Susceptible to Cyber-Attacks?

As sectors of the domestic and world economy become more dependent on the internet and the cloud, their vulnerability to new forms of attack and disruption increases. Cybersecurity is not just a national defense issue, but must also become a cost of doing business. It is clear that the shipping ...

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NAFTA Negotiations will Extend China’s Influence in North America

NAFTA Negotiations will Extend China’s Influence in North America

Trump’s blunt mercantilism risks pushing Mexico and Canada into China’s arms. Indeed, both countries have expressed interest in signing a deal with Beijing.

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Theresa May’s Misplaced Bet on Donald Trump

Theresa May’s Misplaced Bet on Donald Trump

France was recently declared the world’s top soft power for 2017, outranking both the US and the UK for the first time. How should Theresa May respond?

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India Continues Building Trade Ties With Africa

India Continues Building Trade Ties With Africa

India’s external trade has grown significantly with the continent across the Indian Ocean. There are many similarities the regions share in both challenges and opportunities, and plans are evolving to strengthen partnerships.

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Trade Policy and Other Goals

Trade Policy and Other Goals

Under the idea to “Make America Great Again” the plan is to extract concessions, country by country, wielding U.S. economic power to reduce trade deficits.

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Outlook for the U.S. Economy is Shaky in the Trump Era

Outlook for the U.S. Economy is Shaky in the Trump Era

The 1st quarter of the Trump presidency has been disappointing, with the first 3 months of 2017 seeing the weakest Q1 growth in America in 3 years.

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The Fed, Trade, and Dollar Purchasing Power

The Fed, Trade, and Dollar Purchasing Power

From 2003 to 2017, the Effective Federal Funds Rate (EFFR) dropped by 36% while gold rose 169%, and dollar purchasing power reflects this low-rate environment.

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Parag Khanna’s ‘Blunt’ Defense of Globalization

Parag Khanna’s ‘Blunt’ Defense of Globalization

In a speech at the Foreign Policy Association Khanna argued that globalization is not at risk of reversing despite recent surges in popularity of nationalist ideas.

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Seoul Reports Beijing’s Mandarin Imperiousness to WTO

Seoul Reports Beijing’s Mandarin Imperiousness to WTO

In response to Beijing’s recent economic retaliations over the deployment of THAAD, Seoul raised the issue of trade agreements violations at a WTO meeting.

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Robert Lighthizer on Trade with China

Robert Lighthizer on Trade with China

The new pick for U.S. trade representative, Robert Lighthizer, recently signaled the new administration’s get-tough approach to China over trade issues.

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Beyond NAFTA: Issues in North American Free Trade

Beyond NAFTA: Issues in North American Free Trade

Beyond NAFTA, Mexico and Canada could benefit greatly from a boom in the U.S. economy if it is accompanied by wise domestic policy decisions.

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