Seeking to become a dominant force in global high-tech manufacturing, the Chinese government launched what’s being called “Made in China 2025.” By using subsidies, mobilizing state-owned enterprises, and pursuing intellectual property acquisition, the program aims to catch up with, and then surpass, western technological prowess in advanced industries. However, Washington argues that the policy relies […]
America’s ongoing trade war with China has underscored the contentious business practices the Asian power has instituted over the years. Many of these have resulted from the United States’ over-reliance on external manufacturing, particularly for the technology sector. This over reliance has exposed the nation’s supply chain to vulnerabilities that have jeopardized the corporate and […]
Canada is the United States’ second largest trade partner after China. While issues exist, it is not a problematic partner. President Trump, however, has imposed economic sanctions on it, has threatened more sanctions, and singled it out for special condemnation in his rhetoric. A high point in the latter regard came when Peter Navarro, the […]
When President Donald Trump announced on 8th May that the United States would not be a party to the Joint Comprehensive Plan of Action, also known as the Iran deal, anymore, it was easily predictable that new tensions between Tehran and Washington will emerge soon. It didn’t take long for the European Union to voice […]
In the mid-1960s, during the height of the American auto industry’s success in Detroit and surrounding border states, the US and Canada developed the Auto Pact. The Auto Pact brought Canada into the thriving industrial base in the northern region of the United States and over the years integrated Canadian and American auto production under […]
In the midst of trade war threats between the US and China, Trump’s latest trade tariffs emerge as the new American strategy to weaken Xi Jinping’s plans to transform China into a major high-tech player. Trump’s recent multi-billion tariffs, allegedly designed to protect the American economy from trade deficit, made global headlines. If at the […]
On October 27, 2017, new auction rounds for the eight pre-salt blocks in Brazil were launched. As the Brazilian government approved a new regulatory framework for the bidding process to allow more investors, 14 foreign companies and two Brazilian entities were qualified to participate in the auction. As a result of the auction, The National Agency […]
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.
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 step up, the American economy will […]
Russia’s recent bailout of two major banks will cost the country billions of rubles. But the future of the Russian banking system, and its impact on the nation’s economy, is still uncertain. Russia is finally emerging from a serious recession, with growth predicted for 2018. However, the recent rescue of B&N Bank and Otkritie Bank highlighted […]
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 industry is susceptible to cyber-attacks. […]
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.
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.
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.
Could Trump’s “America First” isolationism, professed during his electoral campaign, decrease the U.S.’ role in the world, and ultimately its security?