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.
2019-07-29 11:33:00 Monday ET

Blackrock asset research director Andrew Ang shares his economic insights into fundamental factors for global asset management. As Ang indicates in an inter
2020-05-05 09:31:00 Tuesday 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.
2017-11-24 08:41:00 Friday ET

Is Bitcoin a legitimate (crypto)currency or a new bubble waiting to implode? As its prices skyrocket, bankers, pundits, and investors increasingly take side
2018-08-11 14:35:00 Saturday ET

The Trump administration imposes 20%-50% tariffs on Turkish imports due to a recent spat over the detention of an American pastor, Andrew Brunson, in Turkey
2020-09-10 08:31:00 Thursday ET

Most business organizations should continue to create new value in order to achieve long-run success and sustainable profitability. Todd Zenger (2016)
2022-11-05 11:32:00 Saturday ET

CEO overconfidence and corporate performance Malmendier and Tate (JFE 2008, JF 2005) argue that overconfident CEOs are more likely to initiate mergers an