June 07, 2018
The G7 summit will be contentious — for all the wrong reasons
Leaders of the Group of 7 industrialized democracies will gather this week in Quebec for their annual meeting on the world's economy. Following the Trump administration's recent imposition of steel and aluminum tariffs on Europe, Japan and Canada, however, the summit is shaping up as 6 versus 1.
Why it matters: What would normally be an opportunity to forge unity on key challenges — with China's discriminatory trade practices foremost among them — will be anything but.
The summit comes as wealthy democracies worry about an accelerating slide toward all-out trade war. Canada and Mexico have already responded to the tariffs with their own measures against U.S. imports, and the European Union is readying to retaliate. Trump has signaled that he may next impose tariffs on foreign automobiles, to which America's economic partners are likely to respond. Endless tit-for-tat moves toward protectionism would be bad for everyone.
Read the Full Article at Axios
More from CNAS
-
Happy Summer from Derisky Business!
Podcast
While Derisky Business goes on summer break, revisit your favorite episodes of the podcast and dive into the Summer Reading List, featuring book recommendations from previous ...
By Emily Kilcrease & Geoffrey Gertz
-
The Derisky Business Reading List
Commentary
While Derisky Business goes on summer break, revisit your favorite episodes of the podcast and dive into the Summer Reading List, featuring book recommendations from previous ...
-
Podcast
Transatlantic Security / Energy, Economics & Security
From Russia with RiskHere on the Bear Market Brief, a lot of what we focus on is, simply put, risk: what might happen, and what might it mean? On this episode, Rachel Ziemba, an adjunct senior fel...
By Rachel Ziemba
-
Richard Nephew on the U.S. military strikes on Iran’s nuclear program
Podcast
Richard Nephew, expert on sanctions and Iran’s nuclear program, joins Emily and Geoff to discuss the long history of U.S. policy towards Iran, the role of sanctions in constra...
By Emily Kilcrease & Geoffrey Gertz
