With Protectionism, Trade Could be 'a Major Drag for Growth'
Kevin Rudd on BNN Bloomberg
ASPI President Kevin Rudd joins BNN Bloomberg about the threat that protectionism poses to the global economy in light of Japanese Prime Minister Shinzo Abe’s visit to Washington D.C., and ongoing trade negotiations with both Japan and China
Rudd shares concerns about the outcome of these negotiations given the “sea change in American policy and politics on the questions of trade” and makes predictions about their outcomes. One particular concern for Rudd is a U.S.-China trade agreement that violates WTO rules, “an entire fabric of laws and dispute resolution mechanisms [that] help all of us who are committed free-traders to survive.”
Rudd is more optimistic about the impact of the U.S.-Japan negotiations on the future of free trade. He commends Abe’s work “domestically in getting support from the Japanese body politic behind the TPP,” and notes the importance of pairing these efforts with global partnerships to support free trade. Rudd emphasizes the need for such advocacy for free trade, stating “unless we are providing continued political momentum against protectionism, bit by bit, measure by measure, tariff by tariff, we’re going to end up in a world of pain in what is already a globally soft economy.”
Kevin Rudd delivered an address at a Chatham House Conference on China's Economic Future.
Wendy Cutler talks US-China trade with Congressional Quarterly’s Roll Call podcast.
Wendy Cutler provides her expert analysis on renewed trade talks in an interview with the U.S.-China Business Council.
Kevin Rudd joins Bloomberg to discuss the broader implications of Trump and Xi's "trade truce."
After the G-20 summit, a U.S.-China deal looks likely in 2019.