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Financial Times | US-China trade war — and haunting lessons from the past

17 Sep 2018
|
Regions: 
Americas,
Multilateral

Some advice for business Global Counsel, an advisory firm, passed on a report published in Singapore by Peter Mandelson, former EU trade commissioner, and Carlos Gutierrez, former US Commerce secretary. In the face of so much uncertainty on trade, they flagged up a few tips for businesses trying to navigate the new environment. 

Politico | Trump signs tariff-cutting bill into law

14 Sep 2018
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Regions: 
Americas,
Multilateral

President Donald Trump signed legislation on Thursday that would reduce tariffs on nearly 1,700 imported products used by U.S. manufacturers — an uncharacteristic move for the leader who has shown an affinity for imposing tariffs on foreign goods. (...) Trump’s trade actions will likely divert certain trade and investment opportunities away from the U.S. and to other countries, leaving American companies at a disadvantage, according to a new report by former Commerce Secretary Carlos Gutierrez and former EU trade chief Peter Mandelson.

Nikkei | US consumers are the victims of Trump's China tariffs

12 Sep 2018
|
Regions: 
ASEAN,
Americas,
Multilateral

On Wednesday, Gutierrez and Peter Mandelson, former European Union Commissioner for Trade between 2004 and 2008, published a paper titled "Navigating the global trading system crisis: What businesses need to know."

Peter Mandelson said that he does not believe China is going to reinvent its whole economic and industrial model. In addition, he thinks there will be more international capital flowing into the Chinese economy, and that there will be a greater role for the private sector alongside China's state-owned enterprises in the coming years.

Financial Times | Doubt cast on Liam Fox’s UK-Pacific trade plan after Brexit

13 Aug 2018
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Regions: 
EU/Eurozone,
UK,
Americas,
Multilateral

Liam Fox’s plan to take Britain into a trans-Pacific trade bloc after Brexit is not compatible with the strategy laid out by Theresa May at Chequers last month, trade experts said.

Stephen Adams, a trade expert at Global Counsel, a consultancy, said: “The UK and all these countries will need to be confident that they don’t lose by trading bilateral arrangements for the CPTPP framework and can preserve important features of these agreements inside CPTPP.”

France 24 | Brexit: Lead campaign group face police inquiry over spending

17 Jul 2018
|
Regions: 
EU/Eurozone,
UK

Commenting on British white paper, Gregor Irwin, Global Counsel Chief Economist said: 

"There's certainly a softer Brexit for goods. It's a harder Brexit for services because the government has said it can tolerate a much looser arrangement with the EU. And services is a bigger part of the British economy than manufacturing."

CNN Money | How Europe could fight back if Trump taxes car imports

25 Jun 2018
|
Regions: 
EU/Eurozone,
Americas

A move by President Donald Trump to impose tariffs on cars assembled in Europe would dramatically escalate trade tensions and produce a quick response from the European Union.

The European Union will chose its targets from US imports worth about €256 billion ($299 billion) each year.

"The targets will be a combination of iconic US brands and politically sensitive agricultural products," said Gregor Irwin, chief economist at Global Counsel.

Al Jazeera English | Counting the Cost: Brexit countdown

16 Jun 2018
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Regions: 
EU/Eurozone,
Americas

It doesn't look like we're any closer at this point to knowing what Brexit is going to look like. The longer that goes on, what sort of damage is it doing to the UK economy? Gregor Irwin, Chief Economist, Global Counsel, said: The longer that that goes on, the more likely we are to see firms, investors beginning to implement their contingency plans.

CNN Money | Tariffs aren't the biggest problem for American exporters

7 Jun 2018
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Regions: 
EU/Eurozone,
Americas

The leaders of the world's largest economies are at each others' throats over tariffs. Should they be?

"It's just entirely wrong to focus on one sector," said Gregor Irwin, chief economist at Global Counsel. "There is room for improvement in the EU-US relationship, but it certainly requires concessions on both sides."

CNN Money | EU fights back to neutralize US sanctions against Iran

21 May 2018
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Regions: 
EU/Eurozone,
Multilateral

Europe is fighting back against President Donald Trump's attempt to isolate Iran with new rules aimed at protecting European companies from US sanctions.

"I think [today's move is] definitely a signal to the Iranians that the EU will not give up without a fight with the US," said Thomas Gratowski, an Iran expert at the advisory firm Global Counsel.

CNN Money | Can Europe keep doing business with Iran?

9 May 2018
|
Regions: 
EU/Eurozone,
Asia,
Multilateral

President Donald Trump is pulling the US out of the Iran nuclear deal and bringing back harsh economic sanctions. But it's how European governments and companies respond that may matter most.

The EU could use a "blocking regulation" to counteract US sanctions and allow trade to continue. "Not everyone in Europe, especially among European companies, is confident that [this rule would] allow the continuation of business with Iran," said Thomas Gratowski, an Iran expert at the advisory firm Global Counsel. "Its practical value is probably much lower than its symbolic value."