Reuters (November 18)
“Renowned China hawks” like Robert Lighthizer, Mike Walz and Marco Rubio “are not the names Beijing wants popping up in President-elect Donald Trump’s early cabinet appointments. Markets agree, as the yuan has fallen about 2% against the dollar since Trump’s victory at the polls.” If Trump “follows through on threats to raise American tariffs on imports from China to as much as 60%” there will be more “downward pressure.”
Tags: Appointments, Cabinet, China, Dollar, Hawks, Imports, Lighthizer, Markets, Rubio, Tariffs, Threats, Trump, Walz, Yuan
The Economist (November 30)
World trade “works best when there is a referee, and for nearly 25 years a group of seven judges at the World Trade Organisation (WTO) has done the job. But on December 11th this body will cease to function, because America is blocking new appointments.” Losing this final arbiter ”will make cross-border commerce unrulier and, in the long run, invite an anarchy that would make the world poorer.”
Tags: Anarchy, Appointments, Cross-border commerce, Judges, Poorer, Referee, U.S., Unrulier, World trade, WTO
