CGD in the News

Trump's 'America first' Approach Receives A Cold Reception At Global Summit (Los Angeles Times)

July 8, 2017
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From the article:

After two days of cordial smiles, handshakes and back-slapping, Trump expressed satisfaction with the summit. Even so, he was alone among leaders of the world’s major economic powers in dissenting from its resolution affirming the Paris climate accord. And while he has threatened to abandon existing trade deals and penalize countries for what he sees as unfair trade practices, particularly on steel exports, the summit’s closing declaration affirmed support for open markets and fighting protectionism...

“They’re calling the statement that they reached a consensus outcome, but it very explicitly points to a deep divide that really undermines the principle of consensus,” said Scott Morris, a senior fellow at the Center for Global Development in Washington and a former Treasury official in the Obama administration.
 

Read full article here.