FreightWaves (February 14)
“The busiest commercial crossing between the U.S. and Canada, the Ambassador Bridge, reopened late Sunday after police in Windsor, Ontario, cleared out a protest over COVID-19 restrictions that squeezed the cross-border supply chain for a week.” Some other border crossings still remain closed by protests, which have “disrupted millions of dollars of trade and led multiple auto plants to slow production because of delays in receiving parts.”
Tags: Ambassador Bridge, Auto plants, Busiest, Canada, Commercial crossing, COVID-19, Delays, Disrupted, Ontario, Police, Production, Protest, Reopened, Restrictions, Supply chain, Trade, U.S., Windsor
CNN (December 7)
“With days left to reach a trade deal with the European Union, the stakes have never been higher.” Boris Johnson “will have to decide whether sticking to his guns on national sovereignty… makes real-world sense given the economic price the United Kingdom will pay if negotiations fail.” In a no-deal exit “UK companies, already reeling from the pandemic, would lose tariff-free, quota-free access to a market of 450 million consumers that is currently the destination for 43% of British exports.”
Tags: Access, Consumers, EU, Johnson, Market, Negotiations, No-deal, Pandemic, Quotas, Sovereignty, Stakes, Tariffs, Trade, UK
The Guardian (August 13)
“Forget doom-laden headlines, the dollar has not gone into terminal decline.” In fact, the dollar’s resiliency has been upheld even though “Donald Trump’s administration has done more than any in living memory to disrupt US trade” and has transformed the nation into an unreliable alliance partner. And yet, “the currency’s international role has not diminished significantly.” The simple truth is “there is no alternative. The euro is not an alternative…. Nor is the yuan a viable alternative.”
Tags: Alliance partner, Alternative, Currency, Decline, Diminished, Disrupt, Dollar, Doom, euro, Resiliency, Trade, Trump, U.S., Unreliable, Yuan
Reuters (January 29)
The UK is hurtling “into the Brexit unknown” as “a dis-United Kingdom exits the European Union” on Friday. Alas, more “Brexit fatigue” is likely in store. “Trade talks with every major power—including the EU—loom while there is little clarity on what the United Kingdom’s pitch to global investors will be.”
Wall Street Journal (November 1)
In the U.S., “GDP growth accelerated to 3% for a time along with investment, but then came Mr. Trump’s trade interventions. More than the damage from tariffs, business confidence fell amid the uncertainty of what Mr. Trump might do next. This has led to slower growth that is reflected in roughly 2% GDP growth in the last two quarters…. The strong evidence is that trade policy is the main growth culprit.”
Tags: Business confidence, Culprit, Damage, GDP, Growth, Interventions, Investment, Tariffs, Trade, Trump, U.S., Uncertainty
Market Watch (August 24)
“U.S. China tensions over trade policy have reached a boiling point, the only question remaining is whether business executives — and the stock market — can stand the heat…. The further upping of trade barriers, along with Trump’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment, which could eventually lead to rising unemployment.”
Tags: Barriers, China, Confidence, Investment, Stock market, Tensions, Trade, Trump, U.S., Unemployment, Weakness
Washington Post (June 18)
“The president’s lying is the only argument you need in a debate about Trump…. There is virtually no topic about which Trump hasn’t lied, often repeatedly. Immigration, trade, Iran, North Korea, health care — they all lead back to false and misleading claims.” For this reason, 500 days before the election, the Florida Sentinel became the first newspaper to make a 2020 presidential endorsement: “Not Donald Trump,” who the paper deemed a “unique and present danger” to the Constitution of the United States of America.
Tags: Constitution, Danger, Election, Endorsement, False, Florida Sentinel, Health care, Immigration, Iran, Lying, Misleading, Newspaper, North Korea, Trade, Trump
Financial Times (June 3)
“There’s the potential for a big week for Japanese equities ahead if the gloom that hung over them in May persists into the first week of June.” President Trump’s trip to Japan lacked “clear reassurances for Japan on trade,” to say nothing of “clarity on how bad things could turn between the US and China.” Since Japanese stocks “are liquid and easily accessible,” they are “among the first to be sold when global funds become nervous and, as such, they fell heavily least week.”
Financial Times (May 16)
By delaying any decision to impose car tariffs by 6 months, “President Donald Trump has dodged an immediate collision with the EU and Japan on trade.” While expected, “the move means that the US has avoided blowing up trade relations with the EU and Japan amid an escalation of its dispute with China.”
Tags: Car tariffs, China, Collision, Delay, Dispute, Escalation, EU, Japan, Trade, Trump
Washington Examiner (February 25)
“President Trump indefinitely postponed hiking tariffs on China” for one obvious reason. “Trump, or at least his advisers, seem to understand that progress on North Korea cannot be made without China’s support. And that support, of course, is unlikely to be born out of hostile trade disputes and demands to essentially rewrite China’s economic model, which the Trump administration has made clear are goals of trade negotiations with Beijing.”
