2019-06-15 10:28:00 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 Sino-American trade war may slash global GDP by $600 billion. If the Trump administration imposes tariffs on all the Chinese imports and China retaliates with countermeasures, the global stock market may decline by 10%. In this worst-case scenario, Bloomberg expects global GDP to fall 0.6% or $600 billion by mid-2021. The same simulation suggests that both U.S. and Chinese economic output may decline by 0.7% to 1%. Several countries such as Canada and Europe rely heavily on Sino-American trade and so may suffer as a result. In terms of better balancing the bilateral trade deficit, this deficit has indeed declined from $91 billion to $80 billion from 2018Q1 to 2019Q1 (as the Trump tariffs come into effect). Further, the current U.S. CPI inflation hovers in the range of 1.6% to 1.9% (still below the 2% target level). This fact thus defies the Chinese allegation that the Trump tariffs may substantially raise the Chinese import prices with substantial inflationary pressure.
U.S. retail sales growth continues to slow down even though American consumer confidence rebounds in early-2019 due to higher wages and inelastic labor market conditions. The recent 8% renminbi devaluation coincides with the 25% Chinese stock market plunge and less foreign direct investment.
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.
2019-12-01 10:31:00 Sunday ET

Goop Founder and CEO Gwyneth Paltrow serves as a great inspiration for female entrepreneurs. Paltrow designs Goop as an online newsletter, and this newslett
2019-07-05 09:32:00 Friday ET

Warwick macroeconomic expert Roger Farmer proposes paying for social welfare programs with no tax hikes. The U.S. government pension and Medicare liabilitie
2018-03-21 06:32:00 Wednesday ET

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut post-FOMC press conference. The Federal Reserve raises
2018-06-25 12:43:00 Monday ET

Apple and Samsung are the archrivals for the title of the world's top smart phone maker. The recent patent lawsuit settlement between Apple and Samsung
2019-05-09 10:28:00 Thursday ET

President Trump ramps up 25% tariffs on $200 billion Chinese imports soon after China backtracks on the Sino-American trade agreement. U.S. trade envoy Robe
2019-01-01 03:34:48 Tuesday ET

American allies assist AT&T and Verizon in implementing 5G telecommunication technology in the U.S. as such allies ban the use of HuaWei 5G telecom equi