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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Chris Brummer Talks with Former Obama CIA Deputy Director

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

Chris Brummer Talks with Former Obama CIA Deputy Director

Chris Brummer interviews David Cohen former CIA deputy director and Under Secretary for Terrorism and Financial Intelligence

Chris Brummer interviews David Cohen – Former Under Secretary for Terrorism & Financial Intelligence, Obama Administration, and Former CIA Deputy Director 2015 – 2017.

In a wide ranging conversation on Russia, North Korean and Venezuelan sanctions, David Cohen speaks with IIEL Faculty Director and Georgetown Law professor about US sanctions strategy in both Obama and Trump administrations for CSPAN. In the discussions Mr. Cohen discusses bilateral sanctions, and how sanctions approaches can be multilateralized.

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Latin America Goes Around Trump On Trans-Pacific Partnership?

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

Latin America Willing to Finish TPP without Trump?

Latin American governments want to revive TPP agreement
image credit ESO

In regards to the TPP, Trump fulfilled one of his campaign promises right out of the gate by withdrawing the U.S. from the Trans-Pacific Partnership. Trump has long maintained his stance against multilateral trading agreements.

He’s been in favor of bilateral trade agreements. And maybe even minilateralism.

However, multiple Latin American countries are potentially in favor of the TPP, even without the United States, though not all.

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Trump to End NAFTA?

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

Trump to end NAFTA?

Donald Trump talks ending NAFTA

A number of experts on both sides of the aisle agree something needs to be done about NAFTA. Even Canadian and Mexican representatives believe NAFTA deserves to be updated.

Trump railed against NAFTA during his campaign. He sees it as the United States being taken advantage of but doesn’t commit that he’s made up his mind to disband it yet.

Read more at AP.

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Trade War Looms Because of Missile Test?

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

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EU, Japan bilateral agreement is near to minilateralism

United Kingdom Plans Free Trade Continuation with Poor Countries

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

UK to Maintain Free Trade with Poorest Countries after Brexit

United Kingdom trade policy remains tariff free with poor countries
image credit http://www.geg.ox.ac.uk/brexit-opportunity-or-peril-trade-small-and-poor-developing-economies
The UK’s policy is a break from the trade policy likely to be pursued by the United States. Of course, whether the tariffs talked about in the U.S. actually get implemented is yet to be determined.

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Cookbook of the Renminbi with Chris Brummer

 

 

 

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

 

 

Cookbook of the Renminbi with Chris Brummer

China is a global powerhouse and the second largest economy. They saw tremendous growth in GDP again in June. Their premier and official position is they’re confident in continued economic growth. They’re also confident they can handle and manage any financial risks to the renminbi.

Here’s an interview from a couple of years ago where Dr. Chris Brummer talks about the renminbi and China’s rise and place in the global economy.

Keep reading for more about finance and Chris Brummer’s take on minilateralism.

 

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