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.
2019-07-30 15:33:00 Tuesday ET

All of the 18 systemically important banks pass the annual Federal Reserve stress tests. Many of the largest lenders announce higher cash payouts to shareho
2017-08-01 09:40:00 Tuesday ET

In American states, all of the Top 4 richest people are self-made billionaires: Bill Gates in Washington, Warren Buffett in Nebraska, Michael Bloomberg in N
2018-04-17 12:38:00 Tuesday ET

Value investment strategies make investors wiser like water with core fundamental factor analysis. Value investors tend to buy stocks below their intrinsic
2019-02-28 20:44:00 Thursday ET

AYA Analytica finbuzz podcast channel on YouTube February 2019 In this podcast, we discuss several topical issues as of February 2019: (1) our proprieta
2020-04-24 11:33:00 Friday ET

Disruptive innovations tend to contribute to business success in new blue-ocean markets after iterative continuous improvements. Clayton Christensen and
2018-11-11 13:42:00 Sunday ET

Michael Bloomberg provides $80 million as campaign finance for Democrats to flip the House of Representatives in the November 2018 midterm elections, gears