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.
2019-02-04 07:42:00 Monday ET

Federal Reserve remains patient on future interest rate adjustments due to global headwinds and impasses over American trade and fiscal budget negotiations.
2020-09-24 10:26:00 Thursday ET

Edge strategies help business leaders improve core products and services in a more cost-effective and less risky way. Alan Lewis and Dan McKone (2016)
2017-04-13 10:42:00 Thursday ET

President Donald Trump unveils the dramatic *tax overhaul proposal*. Through this tax plan, Trump replaces the current 7 income tax brackets with 3 leane
2018-05-03 07:34:00 Thursday ET

Sprint and T-Mobile propose a major merger in order to better compete with AT&T and Verizon. This mega merger is worth $26.5 billion and involves an all
2018-05-13 08:33:00 Sunday ET

Incoming New York Fed President John Williams suggests that it is about time to end forward guidance in order to stop holding the financial market's han
2026-07-01 11:29:00 Wednesday ET

In recent years, higher American economic growth has been impressive both by historical standards and in comparison to the rest of the world. American excep