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.
April 5, 2018
| Mark L. SchneiderThe Eighth Summit of the Americas will take place in Lima, Peru, on April 13–14. Chief issues will include anticorruption (just weeks after Kuczynski’s resignation), U.S. relations, and the Venezuelan crisis.
The Trump administration has responded to China’s apparent Section 301 violations by imposing new tariffs, restricting Chinese investment in technologies, and launching a WTO case. China will almost certainly retaliate.
The CPTPP represents a significant step toward closer trade and investment linkages in the Asia-Pacific region and sets new, high standards for regional commerce. Its eventual ratificaction will likely yield positive and negative ramifications for U.S. economic interests.