India belongs to the caste of the world’s foremost emerging economies, the BRICS. But, because of its allergy to join any free trade agreement that is ambitious, India is an outcast among the BRICS. This allergy prevents India from achieving what both Prime Minister Narendra Modi and President Donald Trump could rightly call “the deal of the century” – an Indo-American FTA.
For years Israeli Prime Minister Benjamin Netanyahu has sounded the alarm about Iran — its quest for a nuclear weapon, its threats to destroy Israel, its support of terrorist groups throughout the region.
Now, just a week before Netanyahu faces his toughest re-election bid, President Trump, his chief supporter, appears to be pulling the rug out from under him.
The first day of October matters for a reason more profound than it marks the scheduled increase from 25 percent to 30 percent in tariffs the U.S. levies on Chinese merchandise in the 18-month long U.S.-China Trade War. On Oct. 1, 2019, the Chinese Communist Party celebrates seven decades of rule over Mainland China, including since July 1, 1997, over Hong Kong.
To hear President Donald Trump, trade talks with China may have a new breath of life. At the G-7 meeting in France, Trump said, "We’ll see what happens, but I think we’re going to make a deal."
Trump has said before that a deal was imminent, only to see negotiations unravel, but this comment comes after he hinted he would ratchet up the U.S.-China trade war.
KU Law Professor and international trade expert Raj Bhala discusses whether or not Trump can order companies to stop doing business with China.
Two top White House officials said President Donald Trump has the authority to force American companies to leave China -- as he claims, and which trade experts question -- yet whether he invokes those powers is a another question.
Seventy-two years after the British Partition of India on Aug. 15, 1947, India’s borders still delineate the economic concept of ‘opportunity cost’. At the places on its western, eastern, and northern frontiers where until Partition there were no lines, India chooses risk and excludes opportunity. To paraphrase the Old Testament Prophet, Isaiah (c. 700 B.C.), India’s borders are all swords and no ploughshares.
Though there are those who may think that the trade war between China and the United States falls at the feet of President Donald Trump completely, that isn’t necessarily so, says a trade law expert.
“I think the Chinese are miscalculating if they think that the position of the Democrat, any Democrat, any of the 20 odd who are running, is going to be fundamentally different from what the Trump administration’s position has been,” said Raj Bhala, the Brennesein Distinguished Professor at the University of Kansas Law School and a Senior Advisor at Dentons.
KU Law Professor and international trade expert Raj Bhala discussed the nuances of textbook writing with WIBW News reporter Nick Gosnell. Bhala recently published the fifth edition of his textbook, "International Trade Law: A Comprehensive Textbook."
A trade law expert sees Britain’s exit from the European Union as less than smooth.
“It’s going to be a hard Brexit,” said Raj Bhala, the Brennesein Distinguished Professor at the University of Kansas Law School and a Senior Advisor at Denton’s. “This is a global story. Businesses, whether they’re here or they’re in Mumbai, need to be thinking about, what are their terms of trade with respect to the U.K.”
It’s important to know that an exit from the European Union is a harsher one than an exit from an agreement like NAFTA, because the EU is a Common Market.