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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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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Is the TPP Agreement Dead? Maybe Not

 

 

 

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

 

 

Trans-Pacific Partnership agreement, donald trump, japan

Will the work that went into negotiating the Trans-Pacific Partnership (TPP) go to waste?

The agreement cannot come into force unless ratified within two years by economies that constitute 85 per cent of the total GDP of the 12 members. This makes ratification by the United States and Japan indispensable. While President Trump is not noted for consistency of purpose, the prospect that he will not only reverse his stance on the TPP but also secure Congressional approval within two years is surely nil.

Full article here.