2018-06-03 07:35:00 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
Several recent events explain why Trump may undermine multilateral world order. First, Trump withdraws the U.S. from the 12-nation Trans-Pacific Partnership (TPP) trade agreement. Second, the Trump team withdraws America from the multilateral Paris climate agreement and so disappoints the political leaders of most Western allies such as Britain, France, and Germany.
Third, Trump imposes heavy tariffs on aluminum and steel from Canada, Europe, and Mexico. Fourth, the Trump administration abandons the Iran nuclear deal and then imposes sanctions on the nuclear nation. Fifth, Trump begins bilateral peace talks with North Korea. Sixth, Trump imposes $50 billion tariffs on Chinese imports. Seventh, Trump is eager to re-admit Russia to the G8 trade bloc.
As China and Russia benefit much from their population dividends, these countries emerge as new superpowers to rival America. In response to this inexorable global trend, the Trump team gradually gravitates toward a new political paradigm where global cooperation may no longer be an option.
America is free to undertake unilateral actions to change the status quo and then pushes the boundaries for many Western allies and new democracies in Asia.
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.
2020-09-17 12:28:00 Thursday ET
Many successful business organizations develop their distinctive capabilities and unique value propositions for strategic reasons. Paul Leinwand and Cesa
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
2018-01-01 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
2017-11-07 09:38:00 Tuesday ET
HPE CEO Meg Whitman has run both eBay and Hewlett Packard within Fortune 500 and now has decided to step down after her 6-year stint at the technology giant
2018-08-21 11:40:00 Tuesday ET
President Trump criticizes his new Fed Chair Jerome Powell for accelerating the current interest rate hike with greenback strength. This criticism overshado
2018-12-29 09:32:00 Saturday ET
Andy Yeh Alpha (AYA) AYA Analytica financial health memo (FHM) podcast channel on YouTube December 2018 AYA Analytica is our online regular podcast and news