2018-03-07 07:34:00 Wed 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 tweets his key decision to oust State Secretary Rex Tillerson after several months of intense disagreement over diplomatic affairs. Trump sometimes uses tweets to disparage the former Exxon-Mobil CEO's efforts at international diplomacy. Also, Trump nominates CIA Director Mike Pompeo to replace Tillerson, and then Deputy CIA Director Gina Haspel succeeds Pompeo as the first woman to lead the Central Intelligence Agency (CIA).
In fact, this strategic Rexit move arises as President Trump is about to embark on historic and high-level direct dialogues with North Korean commander-in-chief Kim Jong Un. Pompeo may initiate bilateral secret talks with the North Korean dictator to facilitate a smooth and peaceful transition to denuclearization. Pompeo has yet to demystify when and where the potential Trump-Kim summit may take place.
Moreover, Rexit signals that President Trump often plays hardball on foreign affairs in the midst of substantial geopolitical tension and uncertainty. Tillerson indeed disagrees with President Trump on several fronts.
First, President Trump insists on withdrawing from the Paris climate change accord, whereas Tillerson suggests that American should commit to staying in this accord. Second, Tillerson seems soft on President Trump's preference for supporting the current embargo against Qatar in opposition to Saudi Arabia. The latter geopolitical issue can affect global oil price fluctuations in the medium term. Third, President Trump and Tillerson differ in their stances on whether America pursues diplomatic solutions to denuclearization in North Korea and Iran. Trump prefers to extend the duration of economic sanctions on these countries to achieve peaceful resolution, but Tillerson dismisses such brute force. All these geopolitical issues affect global stock market evolution, economic policy uncertainty, and energy-driven inflation.
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.
2019-09-05 09:26:00 Thursday ET
Yale macro economist Stephen Roach draws 3 major conclusions with respect to the Chinese long-run view of the current tech trade conflict with America. Firs
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.
2019-06-17 11:25:00 Monday ET
To secure better economic arrangements with European Union, Jeremy Corbyn encourages Labour legislators to back a second referendum on Brexit. In recent tim
2018-11-07 08:30:00 Wednesday ET
PwC releases a new study of top innovators worldwide as of November 2018. This study assesses the top 1,000 global companies that spend the most on R&D
2018-01-19 11:32:00 Friday ET
Most major economies grow with great synchronicity several years after the global financial crisis. These economies experience high stock market valuation,
2019-10-25 07:49:00 Friday ET
U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years. The current U.S. Treasury fiscal budget deficit rises from $779 billion to $1.0