2018-07-05 13:40:00 Thu 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
U.S. trading partners such as the European Union, Canada, China, Japan, Mexico, and Russia voice their concern at the World Trade Organization (WTO) in light of U.S. tariffs on steel and aluminum. These tariffs can be particularly detrimental to the automobile industry worldwide. This unilateral punitive trade move may disrupt global free trade. Although Canada, Europe, China, and Mexico etc seek to impose retaliatory tariffs on U.S. exports, these retaliatory tariffs are much smaller in scale in comparison to the Trump tariffs. The Trump administration vows to substantially reduce the perennial U.S. trade deficits at least for better mid-term election results, whereas, America's major trading partners may lash back on U.S. car producers.
Overall, 40 countries, of which 28 countries are part of the European Union, uphold the unanimous conviction that the current Trump steel-and-aluminum tariffs violate WTO rules. In recent times, international stock prices dramatically decline as these trade worries exacerbate the adverse inflationary impact of a near-term increase in oil prices.
Tech titans such as Google, Facebook, Twitter, and Apple face sharp share price decreases due to user privacy concerns. Other tech firms from Netflix and Micron to AMD and Nvidia reflect stock market overvaluation and thereby may experience corrective fundamental recalibration.
Traditional industries also experience substantial stock market losses due to steep U.S. bond yield curves, higher energy costs, and greenback gains that might result from the current Federal Reserve interest rate hike. From a macro perspective, a bit of fiscal prudence can help ensure better Ricardian equivalence over time.
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.
2019-09-21 09:25:00 Saturday ET

President Trump praises great unity and progress at the G7 summit with respect to Sino-U.S. trade conflict resolution, global climate change, containment fo
2023-02-28 11:30:00 Tuesday ET

The Biden Inflation Reduction Act is central to modern world capitalism. As of 2022-2023, global inflation has gradually declined from the peak of 9.8% d
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.
2019-06-27 10:39:00 Thursday ET

Berkeley tax economists Gabriel Zucman and Emmanuel Saez find fresh insights into wealth inequality in America. Their latest estimates show that the top 0.1
2018-04-13 14:42:00 Friday ET

Mike Pompeo switches his critical role from CIA Director to State Secretary in a secret visit to North Korea with no regime change as the North Korean dicta
2018-07-17 08:35:00 Tuesday ET

Henry Paulson and Timothy Geithner (former Treasury heads) and Ben Bernanke (former Fed chairman) warn that people seem to have forgotten the lessons of the