This week’s featured graphic charts the ten countries most affected by Chinese non-tariff trade measures as of 2018, with the US topping the list. For an analysis of how this has influenced the trade policy of the Trump administration, read Jack Thompson’s chapter for Strategic Trends 2019 here.
This graphic maps the volume of trade between members of the Eurasian Economic Union (EAEU), including Russia, Kazakhstan, Kyrgyzstan, Armenia and Belarus. For an analysis of the role the EAEU plays in Russia’s Eurasian strategy, see Jeronim Perović’s chapter in Strategic Trends 2019 here. For more CSS charts and graphics, click here.
This graphic outlines the average tariff levels applied on all imports by the US and a selection of its key trading partners. For an analysis of the Trump administration’s trade policies and the weaponization of international trade, see Jack Thompson’s chapter for Strategic Trends 2019 here. For more CSS charts and graphics, click here.
What are the implications of the Trump Administration’s security and trade policies on relations between China and Europe?
For the time being, Donald Trump’s decisions on defence and trade have not been so significant as to trigger a realignment of relations between the US, China and the EU. However, his term in office throws up opportunities for the strengthening of relations between the EU and China, especially if Europe decides to intensify its Common Security and Defence Policy and Beijing decides to take its process of economic reforms further and attain a greater level of reciprocity with Europe in terms of its trade and financial regulations.
Theresa May seems to be looking for a compromise around freedom of movement in order to retain access to the Single Market.
It has been a long summer for those of us wondering what exactly Brexit is going to mean in practice. Since the initial commotion over the appointments of Boris Johnson (Foreign Secretary) David Davis (Brexit negotiations) and Liam Fox (International Trade) subsided, there has been an eerie quiet over the summer break about what the UK’s strategy would be for the forthcoming negotiations.
Beyond Prime Minister Theresa May’s mantra that ‘Brexit means Brexit’, a drip feed of economic information showing that the anticipated post-Brexit crash in consumer confidence has not – for now – emerged, and speculation about whether May’s summer holidays in Switzerland were in part spent studying the EFTA model, there has been precious little actual information.
The past few days have felt like something of a watershed – a genuine start of term – with Theresa May’s visit to the G20 meeting in China, and the House of Commons debate on a petition for a second referendum forcing the government to unveil a little of what they are thinking. So what do we know now that we didn’t before?