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.
2019-03-31 11:40:00 Sunday ET
AYA Analytica free finbuzz podcast channel on YouTube March 2019 In this podcast, we discuss several topical issues as of March 2019: (1) Sargent-Wallac
2018-07-25 11:41:00 Wednesday ET
President Trump hails and touts America's new high real GDP economic growth in 2018Q2. The U.S. is now a $20+ trillion economy, and America hits this mi
2023-09-07 11:30:00 Thursday ET
Michael Woodford provides the theoretical foundations of monetary policy rules in ever more efficient financial markets. Michael Woodford (2003)
2019-04-03 11:35:00 Wednesday ET
A Florida fintech group Fidelity Information Services initiates the largest $43 billion acquisition of the e-commerce payments processor Worldpay. Fidelity
2019-02-04 07:42:00 Monday ET
Federal Reserve remains patient on future interest rate adjustments due to global headwinds and impasses over American trade and fiscal budget negotiations.
2018-05-02 06:32:00 Wednesday ET
What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire? Free trade means allowing goods and services to move a