The Group of Twenty, an informal gathering of many of the world’s largest economies, is the premier global forum for discussing economic issues. But it faces challenges from U.S. protectionism and the growth of emerging powers.
Adam Schiff discusses the foreign policy and national security challenges facing the United States today, including China’s use of artificial intelligence and surveillance, as well as tensions with Iran and North Korea. Additionally, Schiff offers his thoughts on how the House Permanent Select Committee on Intelligence can effectively conduct oversight of the Administration’s foreign policies.
Experts from the Council of Councils grade international cooperation on global trade a middling C in 2018, rank it one of the lowest priorities on the global agenda, and are only somewhat optimistic about progress in the next year.
Tariffs have been applied over the years to protect homegrown industries and target competitors who are seen as using unfair trade practices. They impose costs on both importers and exporters and had been in decline until the recent U.S.-China trade spat.
China’s industrial policy is aimed at rapidly expanding its high-tech sectors and developing its advanced manufacturing base, but President Trump and other leaders of industrial democracies see the plan as a threat.