Reuters (January 2)
“As U.S. and Chinese delegations prepare for upcoming trade talks in Beijing, the two countries’ disputes over tariffs and trade are rattling markets, businesses, governments, consumers and workers across the globe. All of this corrosive uncertainty was entirely predictable…. Elaborate negotiations take tenacity, expertise and planning. They also take time.”
Tags: Beijing, China, Corrosive, Delegations, Disputes, Expertise, Markets, Negotiations, Planning, Predictable, Rattling, Tariffs, Trade talks, U.S., Uncertainty
The Economist (March 26)
There is “a corrosive lack of competition” among big firms in the U.S. “The naughty secret of American firms is that life at home is much easier: their returns on equity are 40% higher in the United States than they are abroad. Aggregate domestic profits are at near-record levels relative to GDP. America is meant to be a temple of free enterprise. It isn’t.”
Tags: Competition, Corrosive, Domestic profits, Free enterprise, GDP, ROE, U.S.
