international trade
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Scenarios for U.S. trade policy in the Biden administration
When it comes to trade policy, the Biden administration's biggest departure from its predecessor's stance will be an emphasis on climate change issues. It could even use some of the same tools to pressure trade partners into more environment- and labor-friendly policies. Tariffs are likely to remain in place, however, and little enthusiasm in Congress for trade agreements means President Biden is unlikely to push any through.
Australia’s green energy potential could boost its geopolitical significance
Fossil fuels are a significant part of the Australian economy, but the country is now taking big strides toward renewable solutions. It also has the capacity to become a crucial exporter of green energy and the materials needed to produce it. Its growing spat with China is a double-edged sword ...
New opportunities 2021: The U.S. in Southeast Asia
Though China has gained influence in Southeast Asia, the United States still holds several advantages. The region has mixed feelings about the change of guard in Washington, and significant hurdles to better relations remain. Yet the new administration could reinforce the U.S. position if it reins in protectionist tendencies, engages ...
Opinion: Modern Monetary Theory is no cure for the savings-shortage illness
As the pandemic-induced crisis pushed the U.S. national savings rate into negative territory, the country has become even more dependent on capital inflows from abroad to meet its investment needs. And as investors from China are no longer welcome on American shores, where will all that money come from?
New economic deals and their geopolitical implications for Europe
The EU has agreed on trade investment deals with the U.K. and China, while African countries launched an enormous free-trade zone. While each of these developments comes with some risks, they also offer opportunities for Europe to increase its global competitiveness. But it must remain both vigilant and open.
