2018-03-02 12:34:00 Fri 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
White House top economic advisor Gary Cohn resigns due to his opposition to President Trump's recent protectionist decision on steel and aluminum tariffs. The steel and aluminum tariffs target Canada, Europe, Mexico, and China. Key western allies may receive interim exemptions on a case-by-case basis. Through the abrupt tariff tactic, President Trump seeks to dramatically reduce U.S. trade and budget deficits for better mid-term election results.
The former Goldman Sachs president had strongly opposed trade barriers such as tariffs, quotas, and even embargoes. Cohn serves as a steady man in the White House and tries to push President Trump away from some of his most aggressive instincts on trade. In fact, Cohn would prefer the U.S. to keep the North American Free Trade Agreement (NAFTA).
As a proponent of international free trade, Cohn would support the U.S. to join the Trans-Pacific Partnership (TPP). These international free trade movements reflect the collective wisdom of cross-border interests and efforts for fewer trade frictions. CNBC economic media commentator Larry Kudlow is likely to succeed Cohn as the Director of the National Economic Council. Kudlow tends to defend the Trump administration's gradual tariff tactics against China, Canada, Europe, and Mexico.
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.
2019-02-15 11:33:00 Friday ET

President Trump is open to extending the March 2019 deadline for raising tariffs on Chinese imports if both sides are close to mutual agreement. These bilat
2018-12-20 13:40:00 Thursday ET

T-Mobile and Sprint indicate that the U.S. is likely to approve their merger plan as they take the offer from foreign owners to stop using HuaWei telecom te
2018-05-21 07:39:00 Monday ET

Dodd-Frank rollback raises the asset threshold for systemically important financial institutions (SIFIs) from $50 billion to $250 billion. This legislative
2019-10-13 16:22:00 Sunday ET

Apple unveils 3 iPhone 11 models with new original video services and stars such as Oprah Winfrey, Jennifer Aniston, and Reese Witherspoon. Apple releases t
2023-06-14 10:26:00 Wednesday ET

Daron Acemoglu and James Robinson show that good inclusive institutions contribute to better long-run economic growth. Daron Acemoglu and James Robinson
2019-05-19 19:31:00 Sunday ET

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation. Progressive tax redistribution cannot achiev