President Trump now agrees to cease fire in the trade conflict with the European Union.

Laura Hermes

2018-07-23 07:41:00 Mon ET

President Trump now agrees to cease fire in the trade conflict with the European Union. Both sides can work together towards *zero tariffs, zero non-tariff barriers, and zero subsidies on non-automobile industrial goods*. Trade barriers in services, chemical products, and pharmaceutical medications are on the chopping block too. Pundits point out that President Trump secures direct trade talks with the European Union to negotiate a similar deal to the prior Transatlantic Trade and Investment Partnership (TTIP).

Trump agrees to hold off further tariffs, halts punitive measures and sanctions on European cars, and thus avoids escalation into a tit-for-tat trade dispute. However, many international trade experts remain skeptical of Trump's mercurial personality and his pet peeve over America's trade deficits with the European partners. The current trade truce may or may not be permanent during the Trump administration.

In addition to China and Canada, the European Union causes large bilateral trade deficits with America. U.S. farm producers of soy, corn, wheat, cotton, dairy, and pork can receive $12 billion temporary subsidies in light of Trump tariffs, quotas, and even embargoes on Europe. Whether this trade protectionism proves to be effective remains an open debate. The law of inadvertent consequences counsels caution.

 


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.

Blog+More
President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act.
Charlene Vos

2018-07-21 13:35:00 Saturday ET

President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act.

President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act (FIRRMA), which effectively broadens the jurisdiction of

+See More
CNBC stock host Jim Cramer recommends Caterpillar and Home Depot during the current U.S. stock market rally.
Charlene Vos

2019-03-15 13:36:00 Friday ET

CNBC stock host Jim Cramer recommends Caterpillar and Home Depot during the current U.S. stock market rally.

CNBC stock host Jim Cramer recommends both Caterpillar and Home Depot as the U.S. bull market is likely to continue in light of the recent Fed Chair comment

+See More
Former Fed Chair Paul Volcker releases his memoir, talks about American public governance, and worries about plutocracy in America.
Apple Boston

2018-10-23 12:36:00 Tuesday ET

Former Fed Chair Paul Volcker releases his memoir, talks about American public governance, and worries about plutocracy in America.

Former Fed Chair Paul Volcker releases his memoir, talks about American public governance, and worries about plutocracy in America. Volcker suggests that pu

+See More
North Korean leader and president Kim Jong-Un seeks peaceful resolution and denuclearization on the Korean Peninsula.
Olivia London

2018-04-11 09:37:00 Wednesday ET

North Korean leader and president Kim Jong-Un seeks peaceful resolution and denuclearization on the Korean Peninsula.

North Korean leader and president Kim Jong-Un seeks peaceful resolution and denuclearization on the Korean Peninsula. When *peace* comes to shove, Asia

+See More
The great reversal of antitrust merger review in America
Monica McNeil

2023-10-07 10:24:00 Saturday ET

The great reversal of antitrust merger review in America

Thomas Philippon draws attention to greater antitrust scrutiny in light of the rise of market power and its economic ripple effects. Thomas Philippon (20

+See More
Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios.
Fiona Sydney

2020-09-03 10:26:00 Thursday ET

Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios.

Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios. Christopher Worley, Thomas Willi

+See More