Washington Post (July 30)
“Trump has repeatedly said he would protect American farmers in the trade war, last week setting aside $12 billion to help them, but he is facing pressure to extend aid to other industries…. The U.S. Chamber of Commerce on Monday estimated the total price tag could hit $39 billion if Trump compensated the losses across all industries.” But most “critics of Trump’s trade policy are calling on him to de-escalate the trade war rather than try to bail out the businesses hurt by it.”
Tags: Bail out, Chamber of Commerce, Compensate, De-escalate, Farmers, Industries, Losses, Trade policy, Trade war, Trump, U.S.
Forbes (October 23)
“To foreign businesses seeking to stake out a spot in industries that will power China’s bold new future, Xi’s roadmap is far from reassuring: It entails a protectionist bent that will reduce their market share in the world’s second largest economy—an issue that risks driving a wedge between Beijing and Washington in Xi’s second five-year term, analysts warn.”
Tags: China, Economy, Foreign businesses, Future, Industries, Market share, Protectionist, Roadmap, Xi
Bloomberg (January 26)
“Why are economists so willing to declare to the world that free trade is good?” Their consensus flies in the face of popular opinion and “powerful evidence that industries and regions that have been more exposed to Chinese import competition since 2000—the year China joined the World Trade Organization—have been hit hard and have not recovered.”
Tags: China, Competition, Consensus, Economists, Evidence, Free trade, Imports, Industries, Popular opinion, Regions, WTO
The Economist (March 8)
“Western firms have piled into emerging markets in the past 20 years. Now comes the reckoning.” The Fed’s quantitative easing, an over-exuberant investment cycle, rising local currency prices for commodities, and other factors are undermining the emerging market paradigm. “Plenty of firms and some whole industries need a rethink. The emerging-market rush may end up like a giant version of the first internet boom 15 years ago. The broad thrust was right but some big mistakes were made.”
Tags: Commodities, Currency prices, Emerging markets, Fed, Firms, Industries, Internet boom, Investment, Over-exuberant, Quantitative easing, Rethink
