Three Wrongs Do Not Make a Right: The Conundrum of the US Steel and Aluminum Tariffs

2019 ◽  
Vol 18 (3) ◽  
pp. 481-501
Author(s):  
YONG-SHIK LEE
Keyword(s):  
United States ◽  
National Security ◽  
The United States ◽  
The European Union ◽  
Trading System ◽  
The Us ◽  
International Trading ◽  
The Stability ◽  
Vast Range ◽  
Trump Administration

AbstractIn March 2018, the United States enacted tariff increases on a vast range of imported steel and aluminum products. The Trump administration cited national security concerns as the justification, claiming an exception under GATT Article XXI. In response to these tariffs, several WTO Members, including the European Union, Canada, Mexico, China, Russia, and Turkey, adopted their own tariffs against imports from the United States, justifying their tariffs under the WTO Agreement on Safeguards. Other Members, such as South Korea, Brazil, and Argentina opted for quota agreements on these exports with the United States in exchange for exemption from the tariffs. This article argues that none of these measures is consistent with WTO rules. The sweeping tariffs that the United States have adopted, the retaliatory measures that several Members have implemented, and the bilateral quota agreements that three Members concluded with the United States are indeed ‘three wrongs’ that do not make a right, but rather endanger the stability of the international trading system under WTO legal disciplines.

scholarly journals CURRENT FEATURES OF CURRENCY FORMATION OF CURRENCIES ON THE EXAMPLE OF THE US DOLLAR – EUR

THE BULLETIN ◽  
2021 ◽  
Vol 2 (390) ◽  
pp. 90-97
Author(s):  
L. A. Maysigova ◽  
Sh. U. Niyazbekova ◽  
K. G. Bunevich ◽  
L. P. Moldashbaeva ◽  
T. M. Mezentseva ◽  
...  
Keyword(s):  
United States ◽  
European Union ◽  
Trading Volume ◽  
The United States ◽  
The European Union ◽  
Monetary System ◽  
Financial Difficulties ◽  
The Us ◽  
Huge Impact ◽  
The Stability

The relevance of the research topic is determined by globalization processes, which have a huge impact on our country, as well as on the countries around us and their economies. In modern conditions, it is obvious that the financial difficulties of one country can cause a global crisis. Issues of a qualitative analysis of the monetary system are important for the stability of the economies of countries. The authors of the article emphasize that the monetary system is needed in order to regulate foreign exchange relations. The authors did not choose the EUR/USD pair by chance – it is the most traded currency pair in the Forex market (about 29% of the total daily trading volume). Such popularity is due primarily to the fact that the United States and the European Union are two of the strongest economies in the world. In addition, this pair responds quite predictably to the main economic indicators relating to the United States and the European Union. Based on the analysis, the authors made conclusions, made recommendations on the need to adapt the trading strategy to market volatility. The procedure for forming EUR/USD quotes at various hours, days and months has been studied. EUR/USD is compared with several other currency pairs and their ranges in separate trading sessions. the following conclusions are made: EUR/USD has medium volatility compared to other pairs under consideration, but is clearly inferior to GBPUSD and GBPJPY; the volatility for most couples during the Asian session is low, and in the case of detruding it encourages the use of scalping; during the European and American sessions, volatility is almost doubled.

Some features of the legal regulation of ensuring economic security in the United States

2020 ◽  
pp. 42-55
Author(s):  
Vladimir Vladimirovich Kudinov ◽  
Elena Gennadievna Mukhina
Keyword(s):  
United States ◽  
Social Relations ◽  
The United States ◽  
Legal Regulation ◽  
Economic Security ◽  
Border Crossing ◽  
The European Union ◽  
Economic Stability ◽  
The Us ◽  
The Stability

The article examines the features of the legal regulation of ensuring economic security in the United States, shows the infl uence of threats in the fi eld of economic security on the social development of social relations, living conditions of people, the activities of state executive authorities. Highlighted the main powers of the US executive authorities to ensure economic stability within the state. The main areas of activity of the executive authorities in the fi eld of ensuring economic security was the promotion of American interests in the international arena. At the same time, to protect its geopolitical interests on the economic security of other states, the United States uses such forms of infl uence as tariffi ng, fi nancial restrictions on exports and imports, organized boycotts, asset freezes, economic sanctions, bans on trade, technology transfer and border crossing, embargoes, no-fl y zones and blockades, provoking and inciting armed confl icts. The conclusion is substantiated that economic security is the basis for the stability of any state and serves as the foundation for national institutions and state authorities that ensure it. At the same time, in order to ensure the economic security of the country, the Russian Federation must not only take into account the aggressive US policy in this area, but also actively build and strengthen relations within the framework of economic associations of partner states (for example, ASEAN, EAEU, CIS, BRICS, SCO) and China with the purpose of protecting state interests in the fi eld of ensuring economic security, as well as with the countries of the European Union, and primarily with Germany.

Russian Federation and the United States of America: geostrategic directions to manage the Ukrainian crisis

2019 ◽  
pp. 123
Author(s):  
Attarid Awadh Abdulhameed
Keyword(s):  
United States ◽  
European Union ◽  
National Security ◽  
Russian Federation ◽  
United States Of America ◽  
The United States ◽  
The European Union ◽  
The Usa ◽  
Ukrainian Crisis ◽  
Zero Sum

Ukrainia Remains of huge importance to Russian Strategy because of its Strategic importance. For being a privileged Postion in new Eurasia, without its existence there would be no logical resons for eastward Expansion by European Powers.  As well as in Connection with the progress of Ukrainian is no less important for the USA (VSD, NDI, CIA, or pentagon) and the European Union with all organs, and this is announced by John Kerry. There has always ben Russian Fear and Fear of any move by NATO or USA in the area that it poses a threat to  Russians national Security and its independent role and in funence  on its forces especially the Navy Forces. There for, the Crisis manyement was not Zero sum game, there are gains and offset losses, but Russia does not accept this and want a Zero Sun game because the USA. And European exteance is a Foot hold in Regin Which Russian sees as a threat to its national security and want to monopolize control in the strategic Qirim.

Rethinking U.S. National Security after Covid19

2020 ◽  
Vol 26 (3) ◽  
Author(s):  
Linda J. Bilmes
Keyword(s):  
Climate Change ◽  
United States ◽  
National Security ◽  
The United States ◽  
Emerging Diseases ◽  
Defense Spending ◽  
Federal Spending ◽  
Us Economy ◽  
The Us ◽  
The Military

AbstractThe United States has traditionally defined national security in the context of military threats and addressed them through military spending. This article considers whether the United States will rethink this mindset following the disruption of the Covid19 pandemic, during which a non-military actor has inflicted widespread harm. The author argues that the US will not redefine national security explicitly due to the importance of the military in the US economy and the bipartisan trend toward growing the military budget since 2001. However, the pandemic has opened the floodgates with respect to federal spending. This shift will enable the next administration to allocate greater resources to non-military threats such as climate change and emerging diseases, even as it continues to increase defense spending to address traditionally defined military threats such as hypersonics and cyberterrorism.

scholarly journals The Trend of Scientific Productivity of Chinese, EuropeanUnion, and United States Universities and Private Companies: Does the Future Belong to E-Technology Companies?

Publications ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 18
Author(s):  
Mauro G. Carta ◽  
Matthias C. Angermeyer ◽  
Silvano Tagliagambe
Keyword(s):  
United States ◽  
European Union ◽  
Scientific Productivity ◽  
The United States ◽  
The European Union ◽  
Private Companies ◽  
American Universities ◽  
The Us ◽  
Parametric Statistics ◽  
The Eu

The purpose is to verify trends of scientific production from 2010 to 2020, considering the best universities of the United States, China, the European Union (EU), and private companies. The top 30 universities in 2020 in China, the EU, and the US and private companies were selected from the SCImago institutions ranking (SIR). The positions in 2020, 2015, and 2010 in SIR and three sub-indicators were analyzed by means of non-parametric statistics, taking into consideration the effect of time and group on rankings. American and European Union universities have lost positions to Chinese universities and even more to private companies, which have improved. In 2020, private companies have surpassed all other groups considering Innovation as a sub-indicator. The loss of leadership of European and partly American universities mainly concerns research linked to the production of patents. This can lead to future risks of monopoly that may elude public control and cause a possible loss of importance of research not linked to innovation.

The great Chinese surprise: the rupture with the United States is real and is happening

2020 ◽  
Vol 96 (2) ◽  
pp. 419-437
Author(s):  
Xiangfeng Yang
Keyword(s):  
United States ◽  
The United States ◽  
Donald Trump ◽  
Ample Evidence ◽  
Pendulum Swing ◽  
The Us ◽  
Methodological Problems ◽  
Trade War ◽  
The Stability ◽  
The Individual

Abstract Ample evidence exists that China was caught off guard by the Trump administration's onslaught of punishing acts—the trade war being a prime, but far from the only, example. This article, in addition to contextualizing their earlier optimism about the relations with the United States under President Trump, examines why Chinese leaders and analysts were surprised by the turn of events. It argues that three main factors contributed to the lapse of judgment. First, Chinese officials and analysts grossly misunderstood Donald Trump the individual. By overemphasizing his pragmatism while downplaying his unpredictability, they ended up underprepared for the policies he unleashed. Second, some ingrained Chinese beliefs, manifested in the analogies of the pendulum swing and the ‘bickering couple’, as well as the narrative of the ‘ballast’, lulled officials and scholars into undue optimism about the stability of the broader relationship. Third, analytical and methodological problems as well as political considerations prevented them from fully grasping the strategic shift against China in the US.

Germany's relations with the United States and China from a strategic triangle perspective

2021 ◽  
Author(s):  
Sebastian Biba
Keyword(s):  
United States ◽  
European Union ◽  
The United States ◽  
Great Power ◽  
The European Union ◽  
Bilateral Relations ◽  
Puzzle Piece ◽  
The Us ◽  
The World ◽  
Angela Merkel

Abstract As the Sino-American Great Power competition continues to intensify, newly-elected US President Joe Biden's administration now seeks to enlist the support of its allies and partners around the world. As Europe's largest economy and a, if not the, leading voice within the European Union, Germany represents an important puzzle-piece for Biden. But Germany, at least under outgoing chancellor Angela Merkel, has been reluctant to take sides. It is against this backdrop that this article looks into Germany's past and present trilateral relationships with the US and China through the theoretical lens of the so-called strategic triangle approach. Applying this approach, the article seeks to trace and explain German behaviour, as well as to elucidate the opportunities and pitfalls that have come with it. The article demonstrates that Germany's recently gained position as a ‘pivot’ (two positive bilateral relationships) between the US and Chinese ‘wings’ (positive bilateral relations with Germany and negative bilateral relations with each other) is desirable from the perspective of the strategic triangle. At the same time, being pivot is also challenging and hard to maintain. Alternative options, such as entering a US–German ‘marriage’ directed against China, are also problematic. The article therefore concludes that Germany has tough decisions to take going forward.

scholarly journals Differentiation between the Regulatory paths placed on Mouthwashes in the US and EU

2018 ◽  
Vol 6 (2) ◽  
pp. 8-13
Author(s):  
Philip Saddik ◽  
John Pappan
Keyword(s):  
United States ◽  
The United States ◽  
The European Union ◽  
Oral Diseases ◽  
External Appearance ◽  
Regulatory Systems ◽  
The Us ◽  
United States Food ◽  
States Food ◽  
Therapeutic Properties

Regulating oral rinses has been and still is a topic of debate and confusion. Oral rinses are products that are mainly used for cleaning, perfuming and changing the appearance of the teeth, which in turn improves the individual’s external appearance. Adding medicinal ingredients to these rinses, it can then be used for the elimination and/or prevention of some oral diseases, an example being gingivitis. The United States Food and Drug Administration placed guidelines which state that mouthwashes with possible therapeutic properties should be registered as drugs rather than cosmetics. Meanwhile, on a different continent, Germany along with the other members of the European Union decided not to categorize mouthwashes as drugs, but rather as cosmetics, using its sole purpose of cleaning and beautifying the teeth as the excuse. The following research will thoroughly differentiate between the diverse regulatory systems forced upon mouthwashes across the two countries—the United States and Germany.

scholarly journals Controversial advertising of medicines. A comparison between Poland and the United States

2018 ◽  
Vol 21 (5) ◽  
pp. 67-79
Author(s):  
Marta Makowska
Keyword(s):  
United States ◽  
Prescription Drugs ◽  
The United States ◽  
The European Union ◽  
Negative Consequences ◽  
Direct To Consumer ◽  
Law And Ethics ◽  
The Us ◽  
The Law ◽  
Direct To Consumer Advertising

For many years, the subject of aggressive marketing campaigns conducted by pharmaceutical companies has been raised in Poland. Drug ads are everywhere, on television, the radio, magazines and on the Internet. Therefore, it is extremely important is to ensure both their legal and ethical dimension. This article will present the differences between direct-to-consumer advertising of medicines in Poland and in the US. The dissimilarities result mainly from differences in legislation. In Poland, the law is much stricter than in the US. For example, in the United States companies are allowed to advertise prescription drugs directly to patients. In the whole of the European Union, and thus in Poland, it is strictly prohibited. The article will also present other regulations existing in Poland and in the United States and it will compare them. It will offer examples of violations of the law and ethics in the advertising of medicine in both countries. Lastly, it will briefly outline the negative consequences of unacceptable pharmaceutical marketing.

scholarly journals Conflict in the Middle East: The US and the Turkish-Kurdish Conflict

2018 ◽  
Vol 25 ◽  
pp. 11-21
Author(s):  
Matthew Dotzler
Keyword(s):  
United States ◽  
Foreign Policy ◽  
National Security ◽  
Boiling Point ◽  
The United States ◽  
Us Foreign Policy ◽  
Northern Iraq ◽  
The Us ◽  
History Of ◽  
Kurdish Conflict

The conflict between Turkey and the Kurds is once again reaching a boiling point. Following the defeat of ISIL in northern Iraq and Syria, Turkey is now concerned that the returning Kurdish militias pose a threat to its national security. The United States, as an ally to both parties, finds itself in a unique position to push for diplomatic solutions and to mediate the conflict before it grows out of control once again. This paper will examine the history of the Turkish-Kurdish conflict, the actors involved, and how US foreign policy can be used to try and deter yet another war in the region.

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