Bloomberg (November 16)
China’s Q3 expansion is “the weakest since the government began releasing quarterly data in 1992. An obvious cause is the ongoing trade war…, but the economy would be decelerating even without that as is transitions away from the high debt, often wasteful growth model of the past. The knock-on effects are global, affecting companies and consumers alike.”
Tags: China, Debt, Decelerating, Economy, Expansion, Government, Q3, Trade war, Wasteful growth
Bloomberg (October 17)
“The IMF estimates that the U.S.-China trade war has shaved 0.8 percentage points off global growth,” but “the costs of tariffs could prove higher than just an economic slowdown.” The largely neglected threat is that the “slowdown, combined with a decade of ultra-loose monetary policy, could cause a wave of defaults among corporations. This double whammy could threaten the world’s financial stability.”
Tags: China, Costs, Defaults Financial stability, Global growth, IMF, Monetary policy, Slowdown, Tariffs, Trade war, U.S.
News Week (October 4)
“Amid gathering economic gloom in the United States, some investors are betting the threat of impeachment will force President Donald Trump into cutting a deal with China to end a trade war between the world’s two largest economies.”
Tags: China, Deal, Economic gloom, Impeachment, Investors, Threat, Trade war, Trump, U.S.
Boston Globe (September 8)
“President Trump’s trade war with China isn’t just about how much the next pair of running shoes will cost American consumers…. Its impact is spreading like a virus to all segments of the US economy, affecting the manufacturing supply chain, with the potential to whack consumer confidence.”
Tags: China, Consumers, Economy, Manufacturing, Supply chain, Trade war, Trump, U.S., Virus
Financial Times (September 4)
“The US manufacturing sector has contracted for the first time in three years as the US-China trade war weighted on the industrial economy and added to fears over slowing domestic growth.” While one quarters manufacturing results do not necessarily lead to a US recession, “the details of yesterday’s ISM report were ugly, with new orders, production and employment sub-indices all contracting.”
Tags: China, Contracted, Fears, Growth, Industrial economy, ISM, Manufacturing, Orders, Recession, Slowing, Trade war, US
Washington Post (August 26)
President Trump has recently “vacillated back and forth between praising China and harshly criticizing it, all while claiming that the trade war he initiated is going great for the United States as evidence mounts that it is pushing us toward recession.” He seems to labor “under a series of misconceptions, bred by ignorance and what appears to be a complete lack of interest in grasping how the trade war appears from China’s perspective.” It is becoming painfully obvious that “Trump is in fact the world’s worst negotiator. And the price Americans are paying for his weakness keeps getting higher.”
Tags: China, Criticizing, Ignorance, Misconceptions, Praising, Recession, Trade war, Trump, U.S., Vacillated, Worst
Los Angeles Times (August 17)
“More than seven decades later, the dispute over who should pay for the suffering…is at the heart of a downward spiral in relations between South Korea and Japan that has spawned a trade war and ignited massive protests and boycotts in South Korea,” putting much at risk. “An $80-billion bilateral trade relationship is in jeopardy, as is a military information-sharing agreement between the two countries that has been valuable for the U.S. and its allies against the North Korean threat.”
Tags: Bilateral trade, Boycotts, Dispute, Downward spiral, Japan, Jeopardy, North Korea, Protests, South Korea, Suffering, Threat, Trade war, U.S.
The Economist (August 10)
“Since the trade war began in 2018 the damage done to the global economy has been surprisingly slight.” No longer. “This week the picture darkened as the confrontation between America and China escalated, with more tariffs threatened and a bitter row erupting over China’s exchange rate.” Compromise is essential. “But for that to happen President Donald Trump and his advisers must rethink their strategy…. America cannot have a cheap currency, a trade conflict and a thriving economy.”
Tags: China, Compromise, Confrontation, Damage, Exchange rate, Global economy, Tariffs, Trade war, Trump, U.S.
Wall Street Journal (June 28)
As “the U.S. and India stumble toward a trade war,” it’s time to take a step back. “America has legitimate grievances, but both sides have a strategic interest in avoiding a serious conflict.”
Tags: Grievances, India, Legitimate, Strategic interest, Trade war, U.S.
South China Morning Post (June 20)
The trade war between the U.S. and China “is pushing the world economy closer to the edge. The longer it goes on, the harder it will be to undo the damage,” which clearly already is being inflicted. “Compared to pre-2008 crisis levels, world economic growth has plummeted by half and is at risk of a long-term, hard-to-reverse stagnation. Returning to global integration and multilateral reconciliation could dramatically change the scenario.”
Tags: China, Crisis, Damage, Economic growth, Integration, Plummeted, Stagnation, Trade war, U.S., World economy
