UK's withdrawal from the EU, or Brexit, is set to take place on March 29th next year. However, controversy over the Brexit agreement is heating up in Britain. The parliamentary vote on the Brexit agreement, originally scheduled for December 11, was postponed until mid-January next year due to the growing possibility of rejection. Prime Minister Theresa May, who had hoped to secure a favorable deal on the Northern Ireland backstop eventually came back empty-handed as well.
Uncertainty. Volatility. Doubt. These are just some of the feelings that have been unleashed across Asia in the wake of disruptions caused by the US-China trade war, Donald Trump’s presidency and the consequences of climate change.
Global instability will be a hallmark of 2019, experts agree, and Asia has been left to wonder what the next 12 months will bring.
University of Kansas School of Law Professor Raj Bhala gave his predictions for the year ahead.
Prime Minister Theresa May’s last-ditch move to postpone a vote on her plan for Britain’s departure from the European Union has let fly a new round of concern across Asia, with governments, companies and consumers bracing themselves for the fallout from Brexit.
Chaos reigned after May’s decision on Monday: the pound fell sharply, Asian markets plummeted and Britain’s political future was thrown in doubt.
A trade law expert from the University of Kansas expects the trade war between China and the United States to continue.
“Unless we see something unexpected and dramatic in the summit on the 30th of November in Buenos Aires, in that meeting between President Trump and President Xi Jinping,” said Raj Bhala, the Brennesein Distinguished Professor at the University of Kansas Law School, and a Senior Advisor at Dentons. “I think you can expect the trade war to continue, as per the USTR’s updated report.”
The Former Life Of Import Substitution
‘Import substitution’. For free-trading nations, the term conjures up a failed, Marxist-slanted experiment of the mid-20th century. Yet, the pattern of protective measures and counter-measures they have taken since January is unmistakable: import substitution is back.
In an effort to educate students on important global issues in the weeks before Election Day, the Maurice A. Deane School of Law hosted a United States Trade Policy debate between Raj Bhala, professor of law at the University of Kansas, and Michael Stumo, chief executive officer for the Coalition for a Prosperous America (CPA), on Thursday, Oct. 4, in the School of Law’s Siben Moot Courtroom.
Lost amidst the comedic moments in President Donald Trump’s September 25 address to the United Nations General Assembly was a concept, “principled realism,” and a context, American foreign assistance in a world presented with China’s Belt and Road Initiative.
This concept, and how it is manifest in this context, is no laughing matter. It will determine whether America offers the world a better path of economic growth and development than China.
A new trade deal with Canada could be good news for Kansas industries. After all, Canada was the top export destination for Kansas products last year.
The tentative deal with Canada and Mexico would update the North American Free Trade Agreement, which took effect in 1994. Mexico is a major destination for Kansas agriculture exports.
KANSAS CITY, Mo. — One local expert says, for local farmers and auto workers, there’s a lot to like in the so-called "new NAFTA."
“It’s not bad news,” said Raj Bhala with the University of Kansas. “It’s not bad news at all.”
President Trump announced the new trade agreement, called the United States, Mexico, Canada Agreement (USMCA), late Sunday night.