September 19, 2018
| Victor Cha, Sue Mi Terry, Michael J. GreenThe third inter-Korean summit is taking place the week of eptember 18 to 20 in Pyongyang, North Korea. The two leaders, President Moon Jae-in of South Korea and Chairman Kim Jong-un of North Korea, signed the Pyongyang Joint Declaration on September 19, 2018.
Emerging market (EM) economies have recently come under pressure from international investors, with many EM currencies—including the Turkish lira and Argentine peso—sharply depreciating against the dollar and prices on EM financial assets experiencing steep declines.
Staring down economic disruption and the president potentially overstepping his use of congressionally delegated power, some lawmakers have introduced legislation to check the president’s trade authority.
The U.S.-Mexico announcement comes over a year after the renegotiation began and signals progress in the administration’s first substantive trade negotiation. What is the status of the NAFTA negotiations after this development and what’s worth watching?
August 10, 2018
| William Alan Reinsch, Jonathan RobisonTariffs are a source of government revenue, but nowhere near large enough to pay down the debt. After all, they will not come close to eliminating the federal budget deficit, which means they will not come close to paying down even one dollar of the national debt.
On July 25, President Donald Trump met Jean-Claude Juncker, the European Commission president, to diffuse an escalating trade war. They agreed to work towards zero tariffs, zero non-tariff barriers, and zero subsidies.
April 23, 2018President Macron and Chancellor Merkel will both emphasize the strong political, economic, and security bonds between Europe and the United States and seek to deepen the working relationship with the Trump administration.