During his campaign, Donald Trump persuaded voters that he would look after “America First.” It would be hard to find an institution that plays a greater role in supporting the economic and strategic interests of the United States than does the IMF. Therefore, it would be in the United States’ and the world’s interests if Secretary Mnuchin were to deliver a strong and clear statement of support for the IMF from its biggest beneficiary.
By far the biggest winner if NAFTA ends will be China, writes Shannon O’Neil. As for the losers, “are thousands of small and medium-sized American businesses, which are more likely to export to Mexico than anywhere else in the world.”
Authors: Thomas J. Bollyky and Petros C. Mavroidis Journal of International Economic Law
Global value chains have changed the way that the world trades. The World Trade Organization (WTO) should embrace the confluence of shared social preferences and trade, where it may exist such as digital trade, food and drug safety, and climate smart-agriculture, as a motivation for advancing international regulatory cooperation. To do that, changes to the corporate governance of the WTO are needed to facilitate the use of plurilateral agreements and to multilateralize progress already occurring bilaterally and regionally.
Though Saudi Arabia will remain a strategic partner for the United States, they have proven themselves to be incompetent allies, writes CFR’s Steven A. Cook. If recent years are any indication, much of Saudi foreign policy has proven to be a failure.
As U.S.-China tensions intensify and as the North Korean threat grows, the importance of the Republic of Korea (ROK, or South Korea) as a pivot state in East Asia and as a valuable ally for the United States has become clearer than ever.
Last week the Obama administration abandoned Israel at the United Nations, allowing the passage of a damaging and hostile Security Council resolution. In an op-ed entitled “The United States Just Made Middle East Peace Harder” in The Washington Post, Elliott Abrams explained his views.
This was a serious strategy pursued energetically by leaders of both the United States and Russia. For many years it seemed to work. That it has lately yielded to acrimony and division does not mean there was a better choice, argues Stephen Sestanovich.
"The duty to prevent and halt genocide and mass atrocities lies first and foremost with the State, but the international community has a role that cannot be blocked by the invocation of sovereignty."
The United Nations said that in 2005 about its "responsibility to protect." It's the concept that "if a State is manifestly failing to protect its populations, the international community must be prepared to take collective action to protect populations."
And here is what UN officials said this week when describing what is happening in Syria: "A complete meltdown of humanity in Aleppo."
Among many challenges revealed during the 2016 presidential election to the Obama adminisration’s rebalance to Asia, Sheila A. Smith, senior fellow for Japan studies at the Council on Foreign Relations, notes “it is the United States’ own commitment to the region that seems the most fragile.”
Learn more about CFR’s mission and its work over the past year in the 2016 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »