Analysis-In a harsher trade world, EU arms itself for future conflicts
Published 2 months ago
By Philip Blenkinsop
BRUSSELS (Reuters) – Hardened by the pain of Brexit, clashes with the Trump presidency and a new realism over China, a bruised European Union is due next week to set out a future trade policy designed to help it deal with partners it does not trust.
Enforcement of global rules and ensuring equal market access will be cornerstones of a new strategy to be unveiled by the European Commission that is strikingly harder in tone than the “Trade for All” mantra of the last revamp in 2015.
Intellectual property law experts in the US and China are calling for the governments of both countries to work together to address challenges in the field and improve trade relations more broadly.
The European Parliament adopted Tuesday a set of new rules which will allow the EU to use countermeasures against those who violate trade rules while blocking dispute settlements.
After four years of Donald Trump wrecking US relationships and disengaging from international arrangements, it will take more than comforting words to restore America's standing in the world. The key to US re-engagement lies in international law, where a savvy administration will find many effective tools.
Dec 17, 2020
API Geoeconomic Briefing is a series provided by the Asia Pacific Initiative, an independent think tank based in Tokyo. The series will look into geopolitical and economic trends in the post-COVID-19 world, with a particular focus on technology and innovation, global supply chains, international rule-making and climate change.
U.S. President Donald Trump, who has widely been considered unorthodox, has described himself as a “tariff man” and unilaterally applied duties on multiple occasions based on his zero-sum view on trade.
When it came to climate change, he made light of the issue and pulled the U.S. out of the Paris climate accord in the early days of his presidency.