Wall Street Journal (May 20)
“The Japanese economy unexpectedly grew in the first quarter of 2019 supported by government spending, although there were some worrying signs connected to the U.S.-China trade dispute.” The economic expansion (2.1% annualized) surprised economists who thought “the first-quarter figure would be flat or slightly negative.”
Tags: China, Economists, Economy, Expansion, Government, Japan, Spending, Trade dispute, U.S., Unexpected
Washington Post (May 9)
“It’s anyone guess what will come of the current meetings” to resolve the U.S./China trade dispute. “What should not be in doubt, however, is that throughout the entire bargaining process with Beijing, the administration has undercut its position by attempting to wage simultaneous tariff battles with other countries.” In addition to China, Mr. Trump’s tariffs now cover…7.3 percent of imports from Canada, 2.5 percent of imports from the European Union, 9.6 percent of imports from South Korea and 3.8 percent of imports from Japan,” undercutting support from natural allies in his dispute with China.
Tags: Allies, Canada, China, EU, Imports, Japan, South Korea, Tariffs, Trade dispute, Trump, U.S., Undercut
