Bryce Baschuk
Washington Post
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Past articles by Bryce:
What ‘Friend-Shoring’ Means for Trade in a Less-Friendly World
Over the past few years, the world has experienced an escalating series of trade disruptions -- the US-China trade war, the Covid-19 pandemic and the supply-chain disruptions it caused, Russia’s invasion of Ukraine and the dueling sanctions and export controls that followed. Their cumulative impact has called into question the vision of a globalized economy. In response, some US officials are… → Read More
What ‘Friend-Shoring’ Means for Trade in a Less-Friendly World
Over the past few years, the world has experienced an escalating series of trade disruptions -- the US-China trade war, the Covid-19 pandemic and the supply-chain disruptions it caused, Russia’s invasion of Ukraine and the dueling sanctions and export controls that followed. Their cumulative impact has called into question the vision of a globalized economy. In response, some US officials are… → Read More
Battered WTO Risks a ‘Dead End’ Heading Into Final Day of Talks
A global bid to deliver a package of World Trade Organization agreements on issues ranging from food security to tariff-free digital commerce headed into an extended session with hopes fading that a final push for compromise will yield 11th-hour breakthroughs. → Read More
Waive Pharma’s Vaccine Rights? What That Would Mean
The world’s top trade ministers will soon determine the fate of a World Trade Organization proposal to water down intellectual property protections for makers of Covid-19 vaccines. The accord as proposed is supported by the European Union, though its other original backers are not quite on board with it. It has also met fierce opposition from both public interest groups and the pharmaceutical… → Read More
How Russia’s Lost Trade Rights Leads to Import Bans on Diamonds, Platinum, Vodka
Some of the world’s largest economies are taking the unprecedented step of revoking Russia’s basic trading rights at the World Trade Organization, putting it in the company of other pariah states such as Cuba and North Korea. They’re canceling Russia’s “most-favored-nation” status at the global trade body, clearing the way for more bans on Russian imports or higher tariffs on Russian goods such… → Read More
Infrastructure Vote, Inflation Woes, Chicago Inequality: Eco Day
• The chamber will then move onto a budget resolution process that would allow $3.5 trillion of spending to be passed with Democratic support alone • Despite the larger Democrat majority in the House, the whole package may run into further difficulties as moderates and progressives have conflicting demands over what they want from the deal • Concern over a “K-shaped recovery” is back in the… → Read More
Lighthizer says U.S.-U.K. trade deal "extremely likely"
U.K. trying to secure trade agreements prior to year-end expiration of its withdrawal agreement with the European Union. → Read More
China-Anchored Free-Trade Zone, World’s Biggest, Nearly Done
(Bloomberg) -- Fifteen Asia-Pacific nations including China aim to clinch the world’s largest free-trade agreement this weekend, the culmination of Beijing’s decade-long quest for greater economic integration with a region that encompasses nearly a third of the global gross domestic product. → Read More
WTO Gives EU Final Nod for Tariffs on $4 Billion of U.S. Exports
(Bloomberg) -- The World Trade Organization on Monday formally authorized the European Union to impose tariffs on about $4 billion worth of U.S. exports annually in retaliation for America’s illegal subsidies to Boeing Co. → Read More
Race to WTO Leadership Is Down to the Final Two Candidates
World Trade Organization members selected two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to the final round in the race to lead the Geneva-based trade body, according to people familiar with the matter. → Read More
Why the WTO Is Caught in Trump’s Trade-War Crossfire
After a quarter century serving as the global arbiter of commerce, the World Trade Organization is facing an existential moment in an era of rising protectionism. The U.S. under President Donald Trump has called for a fundamental reset at the institution and sabotaged its ability to settle disputes. A key U.S. goal at the WTO has been to challenge China’s state-led approach to trade and… → Read More
How Blacklisting Companies Became a Trade War Weapon
Tariffs aren’t the only weapon in a trade war. Countries are also turning to blacklists to restrict the economic activities of certain foreign companies. While such measures are often described as necessary to preserve national security, they’re increasingly being deployed as policy tools to gain leverage in trade negotiations. In the case of the U.S. and China, disputes over human rights or… → Read More
The Year That Hammered Global Trade Still Poses Five Big Risks
This year could end today and it would still rival the most challenging periods for the international trading system. But the next 3 1/2 months may bring even more potential disruptions that could secure 2020’s spot as the most turbulent in modern history. → Read More
Who Will Lead the WTO and Help It Avoid Collapse?
The campaign to lead the World Trade Organization during the most turbulent period of its 25-year existence is under way. Playing out against the backdrop of a pandemic, a worldwide recession, the U.S.-China battle for trade supremacy and the American presidential election, there couldn’t be more at stake. But Brazilian Director-General Roberto Azevedo’s decision to step down at the end of… → Read More
Why the Boeing vs. Airbus Fight Is Coming to a Head
Making airplanes is one of the most prestigious things countries can do, a testimony to their technical skills, engineering prowess and aspirations on the world stage. It can be a source of national pride, but also a flashpoint. Nothing illustrates this more than the global rivalry of Boeing Co. and Airbus SE, the Coke and Pepsi of the skies. An almost-16-year-old trade dispute is coming to a… → Read More
Chief U.S. trade negotiator downplays prospect of U.K., EU trade deals
USTR Robert Lighthizer told House Ways and Means Committee that U.S. and EU have made "very little" headway on trade agreement. → Read More
The Evidence Mounts That the Global Recession Is Already Here
The evidence is mounting that March marked the start of a deep global recession. → Read More
Trump Administration Raises Duties on EU Aircraft to 15%
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The U.S. said Friday it will increase the tariff rate imposed on aircraft imported from the European Union to 15% from 10% on March 18.The move is part of a long-running spat in which the → Read More
How Government Contracts Became Next Trade War Front
Global trade tensions have a new front: government contracts. President Donald Trump is said to be mulling America’s withdrawal from a decades-old pact known as the Government Procurement Agreement. Overseen by the World Trade Organization, the GPA is an agreement among a group of 48 WTO members that offers preferential access to contracts worth $1.7 trillion per year. → Read More
Trump Considers Withdrawing From WTO’s $1.7 Trillion Purchasing Pact
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. is mulling a plan to withdraw from a global pact worth $1.7 trillion in government contracts, a person familiar with the matter said, in a move that may anger close allies during → Read More