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LA Times (November 5)

2018/ 11/ 07 by jd in Global News

Though the “Trump administration slapped tough U.S. sanctions on Iran’s energy, banking and shipping industries,” there are “gaping holes” as the White House “granted waivers to the six largest importers of Iranian oil.” China, India, South Korea, Turkey, Italy and Japan accounted for “more than 75% of Iran’s oil exports last year.”

 

Wall Street Journal (October 17)

2018/ 10/ 19 by jd in Global News

“Facing U.S. trade sanctions, the world’s largest exporting nation, China, is cultivating a new image—as an importer.”

 

Wall Street Journal (July 26)

2018/ 07/ 27 by jd in Global News

“The Trump administration is on the verge of launching a global trade war, the magnitude of which the world hasn’t seen in a century….If all the threatened Trump tariffs take effect, and the targeted countries respond with the expected retaliatory tariffs on American exports, everyone will lose.”

 

NBC News (June 25)

2018/ 06/ 26 by jd in Global News

“The Trump Administration’s trade war is starting to have real impacts on farmers who grow everything from corn to cotton.” Soybeans look set to bear much of the economic pain. “Soybeans were the nation’s largest agricultural export in 2017 and China was the biggest buyer, purchasing 57 percent of the total. But since China announced the tariff, the price of soybeans has fallen by roughly 15 percent to a more than two-year low.”

 

Wall Street Journal (April 3)

2018/ 04/ 04 by jd in Global News

“Donald Trump hasn’t been talking about the rising stock market lately, and no wonder. Stocks have given up their earlier gains since the President unveiled his protectionist trade agenda” amid concern over “uncertainty from rising trade tension.” So far, China’s response “is measured, affecting $3 billion in annual trade or about 2% of U.S. goods exports to China, but it sends a pointed message that a larger trade war would hurt American businesses, farmers in particular.” If China subsequently moves to target “America’s biggest exports to China, such as soybeans and Boeing aircraft,” the pain will be much greater.

 

Wall Street Journal (March 1)

2018/ 03/ 03 by jd in Global News

“Donald Trump made the biggest policy blunder of his Presidency Thursday by announcing that next week he’ll impose tariffs of 25% on imported steel and 10% on aluminum. This tax increase will punish American workers, invite retaliation that will harm U.S. exports, divide his political coalition at home, anger allies abroad, and undermine his tax and regulatory reforms. The Dow Jones Industrial Average fell 1.7% on the news, as investors absorbed the self-inflicted folly.”

 

Institutional Investor (September 11)

2017/ 09/ 12 by jd in Global News

“China’s mobile economy may well power the nation’s growth for decades to come, becoming an engine that will more than make up for the slowdown of the country’s traditional growth engines, such as manufacturing and exports.” That is the main thesis of a recently published book by Winston Wenyan Ma, a managing director at China Investment Corp., the country’s sovereign wealth fund with more than $800 billion in assets.

 

Fortune (February 19)

2017/ 02/ 21 by jd in Global News

“China just took a big swing at North Korea’s economy.” By banning coal imports from North Korea for the remainder of 2017, China is stepping on its “financial lifeline.” Coal is North Korea’s “single largest export item.” The move “could help put international sanctions aimed at North Korea’s nuclear weapons efforts into fuller force.”

 

Forbes (October 13)

2016/ 10/ 13 by jd in Global News

“China’s export numbers for September are out and they show a fall of 10% in year on year numbers. This has caused global stock markets to stumble…. because the China export numbers are a reflection of demand in the global economy and if that’s weak then the global economy is weak.”

 

New York Times (May 17)

2016/ 05/ 19 by jd in Global News

“Japan’s economy, the world’s third largest, expanded at the fastest pace in a year during the first quarter on stronger private consumption and exports, complicating Prime Minister Shinzo Abe’s decision on whether or not to delay a planned sales tax increase next year.”

 

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