2018-03-25 08:39:00 Sun 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
President Trump imposes punitive tariffs on $60 billion Chinese imports in a brand-new trade war as China hits back with retaliatory tariffs on $3 billion U.S. exports. This strategic move hits China for its unfair trade practices with at least 3 major jabs. First, the Trump tariffs take the form of 25% key duties on $60 billion Chinese exports to America. This jab is only a fraction of the economic collateral damage that China has done to America by forcibly extracting the intellectual properties of U.S. corporations.
Second, the Trump administration can introduce foreign investment restrictions on Chinese companies. This prevention can stop Chinese companies from swooping into U.S. competitive advantages.
Third, the Trump team considers litigation at the World Trade Organization (WTO). Since the inception of its WTO membership, China has indeed failed to transform into an open democratic society that respects both economic freedom and the rule of law.
Overall, the Trump tariffs signal the dawn of an inevitable Sino-American trade war. Trump uses the sequential tariff tactics and economic sanctions on China, Iran, and Russia and even some western allies such as Canada, Europe, and Mexico. These tactical solutions may help reduce U.S. trade and budget deficits.
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.
2019-06-23 08:30:00 Sunday ET
The financial crisis of 2008-2009 affects many millennials as they bear the primary costs of college tuition, residential demand, health care, and childcare
2019-07-21 09:37:00 Sunday ET
Facebook introduces a new cryptocurrency Libra as a fresh medium of exchange for e-commerce. Libra will be available to all the 2 billion active users on Fa
2018-01-01 06:30:00 Monday ET
As former chairman of the British Financial Services Authority and former director of the London School of Economics, Howard Davies shares his ingenious ins
2018-05-19 09:29:00 Saturday ET
Treasury Secretary Steve Mnuchin indicates that the Trump team puts the trade war with China on hold. The interim suspension of U.S. tariffs should offer in
2018-01-06 07:32:00 Saturday ET
Subsequent to the Trump tax cuts for Christmas in December 2017, the one-year-old Trump presidency now aims to make progress on health care, infrastructure,
2017-04-01 06:40:00 Saturday ET
With the current interest rate hike, large banks and insurance companies are likely to benefit from higher equity risk premiums and interest rate spreads.