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Financial Times (September 4)

2019/ 09/ 05 by jd in Global News

“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.”

 

Washington Post (August 26)

2019/ 08/ 28 by jd in Global News

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.”

 

Los Angeles Times (August 17)

2019/ 08/ 19 by jd in Global News

“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.”

 

The Economist (August 10)

2019/ 08/ 11 by jd in Global News

“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.”

 

Wall Street Journal (June 28)

2019/ 06/ 29 by jd in Global News

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.”

 

South China Morning Post (June 20)

2019/ 06/ 23 by jd in Global News

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.”

 

Financial Times (June 5)

2019/ 06/ 07 by jd in Global News

“Just a month ago, multinationals and investors were looking forward to an agreement that would end the China-US trade war that has rocked global markets for the past year. Instead, talks broke down.” Donald Trump “further enraged Chinese officials by barring Huawei, the best-known Chinese telecoms company, from sourcing American components and technology.” China’s new list of unreliable entities appears to be in retaliation and it has panicked foreign investors. The “vague wording suggests Beijing could move against any person or organization.”

 

LA Times (June 1)

2019/ 06/ 01 by jd in Global News

“For the U.S. and China, it’s not a trade war anymore — it’s something worse.” Though it’s still framed in terms of trade, “the conflict with China has widened beyond the original trade-based issues” and it “now threatens to become a far wider and more ominous confrontation,” potentially a clash of civilizations.

 

Newsweek (May 13)

2019/ 05/ 14 by jd in Global News

“China’s decision to raise tariffs on U.S. goods made its impact felt on Wall Street as stock markets began the week on a downbeat note. Both the Dow Jones Industrial Average and the S&P 500 index fell by more than 2 percent in early trading,” while the Nasdaq dropped even further. Market volatility “was directly linked to the escalating trade war between the U.S. and China…. The back-and-forth retaliation between the two superpowers wiped out the marginal gains stocks recorded at the end of last week.”

 

Forbes (May 6)

2019/ 05/ 07 by jd in Global News

“The trade war with China has pushed worries about supply chains from the No. 19 spot in 2017 to No. 12 in 2018. Companies in North America rate it at No. 8, mostly because of the new Nafta. The sharp rise in rankings for all things trade related shows that either companies have been preparing for this moment, or are worried that they are not prepared enough.”

 

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