OilPrice.com (April 12)
The Iran “crisis has thrown the precarity of the current global energy trade into sharp relief,” accelerating shifts in energy policy. That shift is expected to include “expanded clean energy production capacity” and greatly benefit China. Chinese companies are “incredibly well positioned to continue to consolidate their dominance in global markets, as they are by far the cheapest producer and most accessible trade partner for many nations that have been left in the lurch by the effective blockade of Hormuz.”
Tags: Accelerating, Accessible, Blockade, Capacity, Cheapest, China, Clean energy, Consolidate, Crisis, Dominance, Global markets, Hormuz, Iran, Policy, Precarity, Producer, Shifts, Trade, Trade partner
LA Times (February 21)
“The Supreme Court’s decision Friday to strike down the majority of tariffs imposed by President Trump could provide some relief to L.A.’s trade-reliant economy — but only if they are not reimposed again through other means.” The twin ports of Los Angeles and Long Beach form the largest ports complex in North America. “The tariffs dealt a blow to a large swath of businesses in Southern California and across the state, including farmers, automakers, home builders, tech companies and apparel retailers.”
Tags: Apparel, Automakers, Decision, Economy, Farmers, Home builders, Long Beach, Los Angeles, Majority, Ports, Relief, Strike down, Supreme Court, Tariffs, Tech, Trade, Trump
New York Times (February 12)
“European leaders have stepped up their push to reduce reliance on big American tech firms like Amazon, Google and Microsoft for cloud computing, and on financial services titans like Mastercard and Visa for payment systems. The move to secure what are being labeled monetary sovereignty and digital sovereignty is part of a broader effort to reduce Europe’s dependence on American weapons, trade, technology and more.”
Tags: Amazon, Big tech, Cloud computing, Dependence, Digital sovereignty, Europe, Financial services, Google, Mastercard, Microsoft, Monetary sovereignty, Payment systems, Reliance, Technology, Trade, U.S., Visa, Weapons
Fortune (January 4)
“As the artificial intelligence trade continues to push the stock market to new highs, investors are increasingly asking if we’re living through another financial bubble that’s destined to burst. The answer isn’t so simple” and the increased scrutiny AI is coming under may actually help prevent a crash.
Tags: Artificial intelligence, Crash, Financial bubble, Highs, Investors, Scrutiny, Stock market, Trade
Washington Post (December 6)
“Trump and Vance promised their trade and immigration policies would usher in a new golden age, leading to a renaissance of new factories that would employ native-born workers…. Yet manufacturing contracted for the ninth straight month in November… as factories face slumping orders and higher prices for inputs because of tariffs.” Republican leaders are urging consumers to “relax.” This is neither “a winning economic message” or at all “soothing… when you’re struggling to pay for groceries, let alone Christmas presents.”
Tags: Consumers, Economic message, Factories, Golden age, Groceries, Immigration, Manufacturing, Native-born, Prices, Relax, Slumping orders, Struggling, Tariffs, Trade, Trump, Vance, Workers
Politico (October 19)
European Central Bank President Christine Lagarde believes the global economy is “in transformation,” brought about especially by two factors. “One is the tariffs, which have changed the map of trade around the world and reconstituted new alliances and reformed the way in which we trade with each other…. The second major transformation is the impact of artificial intelligence on everything we do from data management to dating and everything in between.”
Tags: Alliances, Artificial intelligence, Data management, ECB, Global economy, Impact, Lagarde, Tariffs, Trade, Transformation
Bloomberg (October 10)
“Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign exchange market, but the wager is starting to stumble. The world’s primary reserve currency is around a two-month high even as the US government shutdown drags on, and traders in Asia and Europe say hedge funds are adding options bets that the rebound versus most major peers will extend into year-end.”
Tags: $9.6 trillion, Asia, Dollar, Dominant, Forex, Government, Hedge funds, Market, Options bets, Rebound, Reserve currency, Shutdown, Stumble, Trade, Traders, Two-month high, U.S.
Washington Post (August 2)
“For months, the U.S. economy appeared to be weathering the disruptive effects of President Donald Trump’s trade and immigration policies. But over the course of 72 hours, that sunny outlook darkened, as the latest government data this week showed the president’s revolutionary remaking of the world’s largest economy had hit a snag.”
Tags: Darkened, Data, Disruptive effects, Economy, Government, Immigration, Outlook, Remaking, Revolutionary, Snag, Trade, Trump
Fortune (July 27)
“Now that trade deals have been clinched with the European Union and Japan, the U.S. looks to focus on China as the world’s two biggest economies prepare for high-stakes talks.” Some think “China will be less willing to cave,” which could send tariffs “back to prohibitively high levels that would effectively cut off trade.” On the other hand, with legal challenges set to commence in August, the “U.S. tariffs could be invalidated.” In fact, many suspect the promised investment from Japan and the EU was pledged with this in mind…and that it will never transpire.
Tags: August, China, Clinched, Economies, EU, High stakes, Invalidated, Investment, Japan, Legal challenges, Pledged, Tariffs, Trade, Trade deals, U.S.
Washington Post (July 18)
“President Donald Trump’s disruptive trade and security policies are producing some big aftershocks.” Amid the fallout and complaints, there’s a common theme: “Rivals such as China seem to be faring better in dealing with Trump’s challenge to the global order than are traditional U.S. allies including Japan and European nations. Except for Britain, countries are often finding that the reward for being a loyal partner is a punch in the nose.”
Tags: Aftershocks, Britain, China, Complaints, Disruptive, European nations, Global order, Japan, Loyal partner, Punch, Reward, Rivals, Security, Trade, Trump, U.S. allies
