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.
2018-03-01 07:35:00 Thursday ET

Trump imposes high tariffs on steel (25%) and aluminum (10%) in a new trade war with subsequent exemptions for Canada and Mexico. The Trump administration
2019-12-04 14:35:00 Wednesday ET

Many billionaires choose to live below their means with frugal habits and lifestyles. Those people who consistently commit to saving more, spending less, an
2017-02-19 07:41:00 Sunday ET

In his recent book on personal finance, Tony Robbins recommends that each investor should rebalance his or her investment portfolio *only once a year* to in
2019-11-15 13:34:00 Friday ET

The Economist offers a special report that the new normal state of economic affairs shines fresh light on the division of labor between central banks and go
2022-10-15 09:34:00 Saturday ET

Internal capital markets and financial constraints Duchin (JF 2010) empirically finds that multidivisional firms with robust internal capital markets ret
2017-06-21 05:36:00 Wednesday ET

In his latest Berkshire Hathaway annual letter to shareholders, Warren Buffett points out that many people misunderstand his stock investment method in seve