Fed Nominee Quarles Seen with Hope by European Central Bankers

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Fed Nominee Quarles Seen with Hope by European Central Bankers

Randal Quarles has central bankers optimistic about capital standards - on Chris Brummer's minilateralism
image credit: Desert News

Randal Quarles is seen by European central bankers as somebody who could help break the deadlock on global capital rules. Regulators were close to a deal in Santiago, Chile over a year ago. But Trump has leaned against global agreements since his campaign. Why are central bankers optimistic?

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Mexico’s Economy Minister Wants to Shift Focus Away from Trade Deficits

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Mexico's Economy Minister Wants to Shift Focus Away from Trade Deficits

Mexico economy trade minister comments on NAFTA on Chris Brummer's site MiniLateralism
image credit: REUTERS/Edgard Garrido

The United States, Mexico and Canada are gearing up to re-negotiate NAFTA. President Trump is calling for a smaller trade deficit (the trade deficit from the U.S. to Mexico is $64 Billion).

Mexico relies heavily on the U.S. because 80% of its exports are sold to the United States. Mexico's economy minister argues if NAFTA is abandoned, the U.S. trade deficit could rise even higher.

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US Wants to Pursue ‘Amendments’ to Korus Agreement Instead of Tear Up South Korea Trade Pact

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

US Wants to Pursue ‘Amendments’ to Korus Agreement Instead of Tear Up South Korea Trade Pact

Robert Lighthizer South Korea US pact
image credit AP via FT.com

Top trade negotiator Robert Lighthizer softens stance with initial threats to pull the United States out of its trade pact with South Korea, reportedly in the wake of loud opposition from Congress, farmers and business people. Frictions, however, persist.

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