June 14, 2018Argentina
Markets welcomed the International Monetary Fund’s (IMF) $50 billion rescue stabilization package last week, which seems to be stabilizing the peso. But the financial umbrella will be costly. Rightly or wrongly, Argentines blame the IMF for precipitating their country's worst economic crisis. In the eyes of many voters, the mere association will damage President Mauricio Macri’s standing.
June 13, 2018South Africa
There are signs that South Africans are reverting to the non-payment of taxes. The Treasury estimates that half of the revenue shortfall in 2017 resulted from personal income taxes that the government had budgeted for but were not paid. In the short term, the revenue short fall is compelling Ramaphosa to raise the VAT.
June 11, 2018Donald Trump
The outcome of the G7 summit suggests Trump is prepared to abandon the transatlantic relationship, and even the concept of “the West,” as pillars of U.S. global engagement.
June 8, 2018North Korea
With less than one week to go before the first-ever encounter between an American president and a North Korean leader, there is all manner of speculation about whether the historic Trump-Kim summit c…
June 8, 2018Asia
By Hunter Marston Many analysts have noted the advantages Singapore provides as a setting for the upcoming summit between U.S. President Donald J. Trump and North Korean leader Kim Jong-un. As Jos…
May 31, 2018United States
With the U.S. national debt already exceeding $15 trillion, President Trump’s tax reform and budget deals with Congress are poised to add massively to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.