2018-01-15 07:35:00 Mon 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
Treasury Secretary Steven Mnuchin welcomes a weak U.S. dollar amid pervasive fears of an open trade war between America and China. At the World Economic Forum, Mnuchin now praises the steady greenback devaluation that helps promote competitive U.S. export prices. This praise adds noise to the status quo as Trump seeks to withdraw from the North American free trade agreement, the Paris climate change accord, and the Trans-Pacific Partnership. Canadian, French, and Indian prime ministers accuse the Trump administration of unfair protectionism that trade deficits beget tariffs, quotas, and even embargoes.
Trumpism prevails in the face of international reprehension when the weaker dollar reaches a 3-year trough and gold prices rise to the highest level in about 2 years. Throughout the Reagan, Clinton, Bush, and Obama administrations, we associate each sharp greenback depreciation with key fiscal stimulus, export expansion, and subsequent interest rate hike. In order to resolve the twin deficit problem (i.e. both fiscal deficit and trade deficit), the Federal Reserve needs to raise the interest rate further to attract capital flows from abroad.
It is important for the Trump team to attract foreign investors to buy Treasury bonds to finance the perennial U.S. fiscal debt and deficit. Key exchange rate stabilization remains a hot pursuit for both U.S. policymakers and regulators to serve in the best interests of American workers and investors.
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.
2018-08-13 12:39:00 Monday ET

White House chief economic adviser Larry Kudlow points out that the recent U.S. dollar strength shows a clear sign of investor confidence and optimism. Gree
2019-10-03 17:39:00 Thursday ET

President Trump indicates that he would consider an interim Sino-American trade deal in lieu of a full trade agreement. The Trump administration defers high
2018-02-27 09:35:00 Tuesday ET

Fed's new chairman Jerome Powell testifies before Congress for the first time. He vows to prevent price instability for U.S. consumers, firms, and finan
2019-06-29 17:30:00 Saturday ET

Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism. Neoliberalism includes lower taxation, deregulation, socia
2018-03-11 08:27:00 Sunday ET

At 89 years old, Hong Kong billionaire Li Ka-Shing announces his retirement in March 2018. With a personal net worth of $35 billion, Li has an incredible ra
2019-11-06 12:29:00 Wednesday ET

Our fintech finbuzz analytic report shines fresh light on the fundamental prospects of U.S. tech titans Facebook, Apple, Microsoft, Google, and Amazon (F.A.