June 07, 2018

The G7 summit will be contentious — for all the wrong reasons

By Richard Fontaine

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

  • Commentary
    • World Politics Review
    • July 7, 2020
    Why Stopping Environmental Crime Is a Matter of National Security

    Last week, the presidency of the Financial Action Task Force, the global intergovernmental standard-setter for combatting illicit financial threats, passed from China to Germa...

    By ​Neil Bhatiya

  • Commentary
    • The Washington Post
    • July 2, 2020
    The U.S.-China confrontation is not another Cold War. It’s something new.

    With U.S.-China relations in free fall, the Trump administration’s chief arms control negotiator recently proclaimed that "we know how to win these races and we know how to sp...

    By Richard Fontaine & Ely Ratner

  • Video
    • June 24, 2020
    The Pitch: A Competition of New Ideas

    On June 17, 2020, the Center for a New American Security (CNAS) hosted its premier event to elevate emerging and diverse voices in national security. Sixteen applicants made t...

    By Richard Fontaine, Michèle Flournoy, Michael J. Zak, Loren DeJonge Schulman, Shai Korman, Carrie Cordero, Kristine Lee, David Zikusoka & Cole Stevens

  • Video
    • June 17, 2020
    Richard Fontaine and Bethany Allen-Ebrahimian Discuss America and the Post-Pandemic World

    At the launch of the CNAS 2020 National Security Conference, CNAS CEO Richard Fontaine and Axios China Reporter Bethany Allen-Ebrahimian discussed challenges and opportunities...

    By Richard Fontaine & Bethany Allen-Ebrahimian

View All Reports View All Articles & Multimedia