International trade and the G7 [What Think Tanks are thinking]

Written by Marcin Grajewski,

The escalating trade conflict between the United States and other countries and regions, such as China and the European Union, coupled with a capricious outcome of the recent summit of the world’s seven most industrialised economies (G7) have raised a question mark over the U.S.’s continued commitment to the stability of the post-Cold War, rules based international economic and political order. The row, which is already affecting stock and bond markets, started when U.S. President Donald Trump imposed tariffs on steel and aluminium imports this year, under his ‘America First’ policy. Now that China and the EU have applied retaliatory tariffs, President Trump threatens to erect more trade barriers, for example against EU-made cars.

This note offers links to a series of recent commentaries and reports from major international think tanks and research institutes on the trade conflict, the outcome of the G7 meeting and the future of the international economic order. More reports on international trade can be found in a previous edition of ‘What Think Tanks are thinking’ published in March 2018.

G7 fiasco

The G7 is dead, long live the G7
Bruegel, June 2018

We need a new international order: Here’s why
Rand Corporation, June 2018

Trump just blew up the G-7: Now what?
Brookings Institution, June 2018

Why Russia should not re-join the G7
Rand Corporation, June 2018

The G-7 is dead, long live the G-7?
Brookings Institution, June 2018

Trump’s G-7 mistake is clear
American Enterprise Institute, June 2018

Present at the destruction?
Atlantic Council, June 2018

At G7 summit, Trump takes a wrecking ball to the West
Council on Foreign Relations, June 2018

Why the G7 is a zero
Chatham House, June 2018

Global order

Sustaining the global expansion
Brookings Institution, June 2018

Trump’s tariffs presage a world with no rules
Chatham House, June 2018

Can Europe save the world order?
European Council on Foreign Relations, June 2018

America’s pivot from the West
Hudson Institute, June 2018

Chatham house expert perspectives 2018: Risks and opportunities in international affairs
Chatham House, June 2018

Might unmakes right: The American assault on the rule of law in world trade
Centre for International Governance Innovation, May 2018

Trade rows

Trump, China, and tariffs: From soybeans to semiconductors
Peterson Institute for International Economics, June 2018

There’s a new tariff in town: Implications of Trump’s steel tariffs
Atlantic Council, June 2018

On trade, should allies treat the United States as a rogue nation?
Council on Foreign Relations, June 2018

Companies have workarounds in trade wars, but consumers will have to pay
Peterson Institute for International Economics, June 2018

Trump’s Canada feud signals weakness, not strength
American Enterprise Institute, June 2018

Is Trump in a trade war? An up-to-date guide
Peterson Institute for International Economics, June 2018

The Trump opportunity: Chinese perceptions of the US administration
European Council on Foreign Relations, June 2018

China’s retaliation to Trump’s tariffs
Peterson Institute for International Economics, June 2018

Trump’s Tariffs are hurting U.S. competitiveness
Council on Foreign Relations, June 2018

Trade wars: Just how exposed are EU Member States and industries to the US market?
Bruegel, June 2018

Europe should swallow its pride
Centre for European Policy Studies, June 2018

How Europe should respond to Trump’s steel tariffs
Centre for European Policy Studies, June 2018

Trump has cornered Congressional republicans on free trade
Chatham House, June 2018

Dangerous brinkmanship
Heritage Foundation, June 2018

World leaders didn’t take Trump at his word on trade. Now they’re in a pickle
Council on Foreign Relations, June 2018

Democracy in danger: Confusing the symptoms of disorder with its cause
Atlantic Council, June 2018

Trump and Europe: Atlantic hurricane season?
Centre for European Reform, May 2018

Trump’s hot-cold stance on China
Brookings Institution, May 2018

For Trump, it’s the trade deficit above all else
Chatham House, May 2018

Trump tariffs primarily hit multinational supply chains, harm US technology competitiveness
Peterson Institute for International Economics, May 2018

The EU should not sing to Trump’s tune on trade
Bruegel, May 2018

How Angela Merkel’s ‘gift’ of goodwill could boost Beijing-Berlin trade ties at Donald Trump’s expense
Carnegie Europe, May 2018

Trade without Trump: The way forward, a European perspective
Instituto Affari Internazionali, May 2018

Trade war: How tensions have risen between China, the EU and the US
Bruegel, May 2018

U.S. tariffs on China are well deserved
Hudson Institute, May 2018

NAFTA termination: Legal process in Canada and Mexico
Peterson Institute for International Economics, April 2018

Trade wars in a winner-take-all world
Centre for European Policy Studies, April 2018

The future of the United States and Europe: An irreplaceable partnership
Chatham House, April 2018

A safety net to foster support for trade and globalisations: International survey on attitudes towards trade and globalisation 2018
Bertelsmann Stiftung, April 2018

China: Forced technology transfer and theft?
Peterson Institute for International Economics, May 2018

Washington crossed a line on tariffs
German Marshall Fund, April 2018

Why this round of U.S. protectionism is different
Bruegel, April 2018

Tariff dispute is just one tussle in longer US–China struggle
Chatham House, April 2018

Trade Wars: What are they good for?
Bruegel, April 2018

Read this briefing on ‘International trade and the G7‘ on the Think Tank pages of the European Parliament.