World Affairs Council and West Michigan World Trade Association Joint Event:
The EU-US Trade Relationship: Collision Course or Bump in the Road?
Tuesday, June 12, 2018
University Club of Grand Rapids
111 Lyon St NW # 1025,
Grand Rapids, MI 49503
Time: 12:00 - 1:30 pm
Cost: FREE, but pre-registration must occur
Click here to register. Slots are extremely limited so act now!
Sponsored by the Center for a New American Security, with a moderated panel featuring His Excellency Kåre Aas, Ambassador of Norway to the United States, Kadri Liik, Senior Policy Fellow, European Council on Foreign Relations, and Richard Fontaine, President (CNAS)
As the United States escalates trade tensions with China, the European Union is doing its very best to stay out of it. The EU negotiated a temporary exemption from the tariffs on steel and aluminum that the President announced in March. When that temporary exemption expired, though, the President gave the EU another 30 days instead of the permanent extension they seek. Now Europe is under pressure to submit to Washington’s demands before the end of May. A trade war could pose significant challenges to auto and agriculture industries. With international trade representing 38.9% of Michigan's gross domestic product, Michigan is particularly vulnerable to trade war fallout. Complicating matters, NAFTA is also under pressure from the White House further challenging Michigan's economy as Mexico and Canada represent the state's top import and export markets. How will Europe and local governments respond? Will Europe continue to insist that it won’t negotiate under pressure and retaliate if it doesn’t get the permanent exemption? Or will the EU fold and reach a settlement with the Trump administration? More importantly, what are the risks of a pending trade war between Europe and the United States for Michiganders and jobs tied to the industrial base? What should American business leaders expect going forward and how will U.S. businesses be affected?
Please join us for a discussion on trade and the wider transatlantic partnership with special guests His Excellency Kåre Aas, Ambassador of Norway to the United States, Kadri Liik, Senior Policy Fellow, European Council on Foreign Relations, Richard Fontaine, President of the Center for a New American Security (CNAS) & Julianne Smith, Senior Fellow and Director of the Transatlantic Security Program at CNAS (moderator).