Latest in Trade and Security

Trade and Security

The Geoeconomic World Order

We appear to be entering into a new geoeconomic world order, characterized by great power rivalry between the United States and China and the clear use of economic tools to achieve strategic goals. This increased convergence of economic and security thinking and strategies is likely to lead to a significant restructuring of the laws and institutions that govern international trade and investment.

Federal Law Enforcement

Document: Justice Department Charges Chinese and Taiwanese Firms for Economic Espionage

A grand jury in the Northern District of California has returned an indictment against United Microelectronics Corp., a Taiwanese semiconductor manufacturer; Fujian Jinhua, a Chinese state-run enterprise; and three other defendants for theft of trade secrets from Micron Corp., a U.S.-based chipmaker in violation of

Trade and Security

The Foreign Investment Risk Review Modernization Act of 2018

After several months of back-and-forth, the Senate and House of Representatives agreed on a consensus version of the Foreign Investment Risk Review Modernization Act (FIRRMA) on July 23. FIRRMA reforms the Committee on Foreign Investment in the United States (CFIUS) process currently used to evaluate and address national security-related concerns related to foreign investment into the United States.

Trade and Security

Trade War Battles: The International Front

A surprise announcement from European Commission President Jean-Claude Juncker and President Donald Trump on Wednesday may be the first hint of a cease-fire in the trade war that the United States initiated when it imposed national-security-premised tariffs this spring. The initial outlook for Juncker’s visit was not good. Still, he and Trump unveiled plans to “work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” “to reform the WTO” and to “resolve” the recent steel and aluminum tariffs, among other collaborations.

Trade and Security

What Comes After Tariffs: An IEEPA Primer

The Trump administration released its latest escalation in the budding trade war with China on July 10: a 195-page list of $200 billion worth of Chinese goods that may soon be subject to a 10 percent tariff. This would follow the tariffs on $34 billion worth of goods that went into effect July 6 and the additional $16 billion worth expected shortly, as well as China’s tit-for-tat retaliation.

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