2018-06-02 09:35:00 Sat 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
The finance ministers of Britain, Canada, France, Germany, Italy, and Japan team up against U.S. President Donald Trump and Treasury Secretary Steven Mnuchin at a G7 forum. These finance ministers suggest that the recent U.S. trade actions undermine economic confidence in the Western alliance.
The G6 delegation requests Mnuchin to communicate their unanimous concern and disappointment to President Trump. Meanwhile, Commerce Secretary Wilbur Ross completes his recent trade talks in China with little sign of progress. In China, the state-run news agency Xinhua states that all the economic outcomes of recent trade talks will not take effect if the U.S. imposes any tariffs or other trade sanctions. These recent developments suggest the delicate balance that both Mnuchin and Ross need to maintain as Trump moves forward with 25% tariffs on aluminum and 10% tariffs on steel from his close Western allies and another $50 billion tariffs on Chinese imports.
OECD figures suggest that the current global economic growth rate is 3.8% without any exogenous tariff shocks. S&P chief economist Paul Gruenwald suggests that these tariffs can take a quarter off the world's economic growth rate in a Sino-U.S. trade war. The European Central Bank's projections also warn of a 1% contraction in global economic growth in the first year of Trump tariffs. The medium-term real effects of Trump tariffs may be detrimental to global economic growth and stock market resilience.
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.
2019-06-19 09:27:00 Wednesday ET
San Francisco Fed CEO Mary Daly suggests that trade escalation is not the only risk in the global economy. Due to the current Sino-U.S. trade tension, the g
2018-09-19 12:38:00 Wednesday ET
The Trump administration imposes 10% tariffs on $200 billion Chinese imports and expects to raise these tariffs to 25% additional duties toward the end of t
2022-02-02 10:33:00 Wednesday ET
Our proprietary alpha investment model outperforms most stock market indices from 2017 to 2022. As of early-January 2023, the U.S. Patent and Trademark O
2023-11-28 11:35:00 Tuesday ET
David Colander and Craig Freedman argue that economics went wrong when there was no neoclassical firewall between economic theories and policy reforms. D
2018-09-30 14:34:00 Sunday ET
Goldman, JPMorgan, Bank of America, Credit Suisse, Morgan Stanley, and UBS face an antitrust lawsuit. In this lawsuit, a U.S. judge alleges the illegal cons
2019-05-23 10:33:00 Thursday ET
Berkeley professor and economist Barry Eichengreen reconciles the nominal and real interest rates to argue in favor of greater fiscal deficits. French econo