A New Era of Global Trade

Date/Time
Date(s) - 05/15/18
9:15 am - 10:30 am

Location
Chicago Council on Global Affairs

Hosted by
Chicago Council


 

A New Era of Global Trade

Chicago Council

Wendy Cutler, Vice President and Managing Director, Asia Society Policy Institute; Phil Levy, Senior Fellow, Global Economy. Moderated by Jacob Schlesinger, Senior Correspondent, The Wall Street Journal.

The Trump administration has charted a new course on trade deals, largely eschewing multilateral frameworks for bilateral agreements. Indeed within days of taking office, the administration unilaterally withdrew from the Trans-Pacific Partnership (TPP). Yet the agreements have proceeded anyway, despite the administration’s disdain. A revised TPP has been signed by the eleven remaining countries as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). What are the economic consequences for the United States of not taking part in these multilateral trade pacts? How is the US reshaping existing pacts, like the North American Free Trade Agreement (NAFTA) and the US-Korea Free Trade Agreement (KORUS), and what other nations will agree to consider new bilateral deals with Washington? How will the new American tariffs on imports of steel and aluminum impact ties with major trading partners? Who will win the looming trade war with China?

 

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Wendy Cutler

Vice President and Managing Director, Asia Society Policy Institute

Wendy Cutler joined the Asia Society Policy Institute (ASPI) as vice president and managing director of the Washington DC Office in November 2015. She joined ASPI following a career of nearly three decades as a diplomat and negotiator in the Office of the US Trade Representative (USTR). Most recently she served as acting deputy US trade representative, working on a range of US trade negotiations and initiatives in the Asia-Pacific region. In that capacity she was responsible for the Trans-Pacific Partnership (TPP) agreement, including the bilateral negotiations with Japan. Cutler’s other responsibilities with USTR included US-China trade relations, the Asia Pacific Economic Cooperation (APEC) Forum, and the US-India Trade Policy Forum. She was the chief US negotiator for the US-Korea (KORUS) Free Trade Agreement and negotiated a wide range of bilateral agreements with Japan on such issues as telecommunications, autos, and semiconductors. She has extensive multilateral trade experience as the US negotiator for the WTO Financial Services Agreement and several Uruguay Round Agreements. Prior to joining USTR, Cutler worked on trade issues at the Commerce Department. Cutler received her master’s degree from Georgetown University’s School of Foreign Service and her bachelor’s degree from the George Washington University.

 

Jacob Schlesinger

 

Jacob Schlesinger

Senior Correspondent, The Wall Street Journal

Jacob Schlesinger is a senior correspondent in the Wall Street Journal Washington bureau, covering trade and globalization. Schlesinger has split the past quarter century between Washington and Tokyo for the Journal, covering politics, diplomacy, and economic policy. He has also worked as Tokyo bureau chief and deputy Washington bureau chief. Before beginning his current beat, he was the Journal’s global financial regulation editor, and launched a WSJ product focused on that subject. He is currently on a leave from the Journal as a journalist in residence during the spring academic term at the University of Chicago Booth School of Business Stigler Center. Schlesinger is the author of Shadow Shoguns: The Rise and Fall of Japan’s Postwar Political Machine. He was a member of the Journal team winning the 2003 Pulitzer Prize for explanatory reporting. In 2014, he was given the Shorenstein Journalism Award from Stanford’s Asia-Pacific Research Center. A native of East Lansing, Michigan, he received a bachelor’s degree in economics from Harvard College.

 

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