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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 (September 19)

2018/ 09/ 20 by jd in Global News

“If Mr. Trump wants to change Chinese behavior, he should first finish a new Nafta, drop his blunderbuss steel tariffs on allies, forget new auto tariffs, negotiate a zero tariff deal with Europe, and re-enter the Trans-Pacific Partnership.” Then he could “lead a coalition to confront Xi Jinping from a position of strength with targeted trade enforcement rather than scattershot tariffs. The real worry is that Mr. Trump supports tariffs for their own sake, and he may not want a China deal. With Donald Trump and trade, you never know.”

 

Straits Times (September 18)

2018/ 09/ 19 by jd in Global News

On Monday,  Donald Trump “effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another US$200 billion in US imports of Chinese goods.” Combined with previous tariffs, “this means roughly half of everything Americans buy from China…is now subject to punitive import duties. Whole industrial sectors stand to feel the effects, including agriculture, manufacturing, textiles and retail.”

 

Wall Street Journal (July 18)

2018/ 07/ 20 by jd in Global News

To “counter U.S. protectionism, the EU and China are drawing closer together.” While the EU remains at odds with China on certain trade issues, Trump’s tariffs have helped to paint China in a better light globally. “China has increasingly used the mounting trade spats to portray itself as a protector of the rules-based international order, while chastising the U.S. for disrupting global commerce…. China’s engagement with the EU is driven by its desire to keep open world markets that its manufacturers need to thrive.”

 

South China Morning Post (July 6)

2018/ 07/ 08 by jd in Global News

As the U.S. and China begin to “spar over trade, Japan may avoid a direct hit – for now.” While the first round of tariffs is “expected to have limited impact,” the dispute “could lead to further appreciation of yen and punitive duties on Japanese cars” if it continues to spiral out of control.

 

Reuters (July 5)

2018/ 07/ 06 by jd in Global News

“Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.” Furthermore, the collateral damage could be worse than that done to the principals. Due to global supply chains, countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable” to fall out from the spat between the U.S. and China.

 

The Independent (July 3)

2018/ 07/ 05 by jd in Global News

“Any plan to rely on American trade to make up for the loss of EU benefits caused by Brexit are now merely a fantasy. Ironically, the push to remain in the EU might benefit from the US’s lurch toward insanity; the Brexit vote came when people assumed America would have a rational leader at the helm.”

 

Institutional Investor (June 27)

2018/ 06/ 29 by jd in Global News

“Further escalation between the U.S. and China could make U.S. Treasuries less dependable.” But that’s only the tip of the iceberg. “Every trade is financed…. Trade and capital flows are part and parcel of a complex system. Mess with trade flows and there will be ‘unintended’ impacts on capital flows. Equally, disturb capital flow and there will be an impact on trade flows.” As trade issues also flare up with NAFTA and Brexit, it’s “no wonder equity markets are volatile.”

 

Wall Street Journal (April 12)

2018/ 04/ 14 by jd in Global News

“It’s not the Trump Administration, it’s an adventure, and on Thursday there was a glint of good news on trade of all things…. President Trump directed his advisers to examine if the U.S. could negotiate its way back into the Pacific trade deal he walked away from in 2017.” Then again, this might just “another please-the-crowd attempt that will vanish like a tweet.”

 

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.

 

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