2019-01-04 11:41:00 Fri ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Chinese President Xi JingPing calls President Trump to reach Sino-American trade conflict resolution. Xi sends a congratulatory message to mark 40 years since the progressive normalization of diplomatic relations between China and America. In fact, cooperation is the best choice for both sides in light of bilateral trade history. As Xi politely urges the Trump administration to compromise on the bilateral trade standoff, Xi seeks to avert the unilateral U.S. imposition of hefty tariffs on Chinese goods. The reconciliatory gesture serves as a mild response to the previous Trump trade battle plan of raising 10%-to-25% tariffs on $200+ million Chinese goods.
Trump tariffs are detrimental to the Chinese economy because the Shanghai-and-Shenzhen composite stock market indices plunge double-digits with subpar 6.5% real GDP growth in 2018. During the current 90-day trade truce, both teams hope to reach an eventual trade agreement that would benefit both countries as early as possible. Both presidents express sincere goodwill to implement Sino-U.S. trade concessions made on the G20 summit sidelines in 2018Q4.
As U.S. trade rep Robert Lighthizer characterizes the risks of allowing China to join the World Trade Organization, trade alone cannot douse the flames of international rivalry, whereas, economic prosperity often contributes to bilateral conflict.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-01-02 12:39:00 Tuesday ET
Goldman Sachs takes a $5 billion net income hit that results from its offshore cash repatriation under the new Trump tax law. This income hit reflects 10%-1
2018-06-25 12:43:00 Monday ET
Apple and Samsung are the archrivals for the title of the world's top smart phone maker. The recent patent lawsuit settlement between Apple and Samsung
2023-05-21 12:26:00 Sunday ET
Amy Chua and Jed Rubenfeld suggest that relatively successful ethnic groups exhibit common cultural traits in America. Amy Chua and Jed Rubenfeld (2015)
2018-12-03 10:40:00 Monday ET
Bank of England publishes its latest insights into the economic impact of Brexit on British real productivity, capital investment, and labor supply as of 20
2019-04-07 13:39:00 Sunday ET
CNBC news anchor Becky Quick interviews Warren Buffett in early-2019. Buffett explains the fact that book value fluctuations are a metric that has lost rele
2019-03-09 12:43:00 Saturday ET
Pinterest files a $12 billion IPO due in mid-2019. This tech unicorn allows users to pin-and-browse images through its social media app and website. Pintere