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.
2022-02-22 09:30:00 Tuesday ET

The global asset management industry is central to modern capitalism. Mutual funds, pension funds, sovereign wealth funds, endowment trusts, and asset ma
2017-12-09 08:37:00 Saturday ET

Michael Bloomberg, former NYC mayor and media entrepreneur, criticizes that the Trump administration's tax reform is a trillion dollar blunder because i
2018-12-22 14:38:00 Saturday ET

Federal Reserve raises the interest rate to the target range of 2.25% to 2.5% as of December 2018. Fed Chair Jerome Powell highlights the dovish interest ra
2019-04-05 08:25:00 Friday ET

Warren Buffett places his $58 billion stock bets on Apple, American Express, and Goldman Sachs. Berkshire Hathaway owns $18 billion equity stakes in America
2019-10-15 09:13:00 Tuesday ET

U.K. prime minister Boris Johnson encounters defeat during his new premiership. The first major vote would pave the path of least resistance to passing a no
2020-03-05 08:28:00 Thursday ET

The Stanford computer science overlords Larry Page and Sergey Brin design and develop Google as an Internet search company. Janet Lowe (2009) Google s