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.
2018-03-03 11:37:00 Saturday ET

President Xi seeks Chinese congressional approval and constitutional amendment for abolishing his term limits of strongman rule with more favorable trade de
2017-09-03 10:44:00 Sunday ET

President Donald Trump has released his plan to slash income taxes for U.S. citizens and corporations. The corporate income tax rate will decline from 35% t
2017-12-13 06:39:00 Wednesday ET

The Federal Communications Commission (FCC) has decided its majority vote to dismantle rules and regulations of most Internet service providers (ISPs) that
2019-06-09 11:29:00 Sunday ET

St Louis Federal Reserve President James Bullard indicates that his ideal baseline scenario remains a mutually beneficial China-U.S. trade deal. Bullard ind
2018-09-01 07:34:00 Saturday ET

As the French economist who studies global economic inequality in his recent book *Capital in the New Century*, Thomas Piketty co-authors with John Bates Cl
2023-10-28 12:29:00 Saturday ET

Paul Morland suggests that demographic changes lead to modern economic growth in the current world. Paul Morland (2019) The human tide: how