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.
2027-01-31 12:25:00 Sunday ET

In recent decades, many governments have chosen to run high fiscal deficits on top of sovereign debt mountains so that greater government intervention still
2018-11-19 09:38:00 Monday ET

The Trump administration mulls over antitrust actions against Amazon, Facebook, and Google. President Trump indicates that the $5 billion fine against Googl
2018-06-02 09:35:00 Saturday ET

The finance ministers of Britain, Canada, France, Germany, Italy, and Japan team up against U.S. President Donald Trump and Treasury Secretary Steven Mnuchi
2018-04-02 07:33:00 Monday ET

China President Xi JinPing tries to ease trade tension between America and China in his presidential address at the annual Boao forum. In his vulnerable att
2019-06-23 08:30:00 Sunday ET

The financial crisis of 2008-2009 affects many millennials as they bear the primary costs of college tuition, residential demand, health care, and childcare
2018-10-13 10:44:00 Saturday ET

Dow Jones tumbles 3% or 831 points while NASDAQ tanks 4%, and this negative investor sentiment rips through most European and Asian stock markets in early-O