Tag Archives: trade war

I was asked for an opinion for the trade war between US and France in the News programme of PRESS TV (11-7-2020). The videos of the interview follow below. Also below are the main points of my intervention. [embedded content] https://media.urmedium.com/video/2020/07/11/637301026778230844video.mp4 PRESS TV 11-7-2020 This last episode is part of the trade wars that are raging during the last decades The main instigator is the US who sees its economic hegemony faltering and tries to...

Okay, at the risk of not getting included in the happy consensus, I will make a few points here. My thoughts exactly. Tackling China is just plain crazy, especially when the US was benefitting in real terms of trade and China was still willing to save in USD. Those days are nearly over for the US and hopefully the newly rising China will overlook a century or so of humiliation, including the latest episode. As Dean Baker points out, intellectual property has become a bug rather than a...

Global trade policy uncertainty has increased significantly, largely because of a changing tariff regime between the United States and China. In this blog post, we argue that trade policy can have a significant effect on firms’ organization of supply chains. When the probability of a trade war rises, firms become less likely to form long-term, just-in-time relationships with foreign suppliers, which may lead to higher costs and welfare losses for consumers. Our research shows that even in...

I’ll just post this link and let it speak for itself. Truckers voted for Trump in droves. Now they say his trade war is ‘killing’ their ability to make a living. Its starts wtih: Morris Coffman has been a truck driver for 35 years. And he’s been a conservative for even longer than that — his whole life. “That said,” Coffman told Business Insider, “[Trump] is absolutely a moron. His idiotic ideas will tank the economy even further.” Truckers, like...

But if Germany’s manufacturing woes were not sufficient in and of themselves, then combined with the threat of trade war with Trump, the prospect indeed is bleak for Europe: And the likelihood is that any of that ECB stimulus – promised for this autumn, as Mario Draghi warns that the European picture is getting “worse and worse” – will be very likely to meet with an angry response from Trump – castigated as blatant currency manipulation by the EU and its ECB. EU Relations with Washington...

Is accusing China of using debt as a weapon capitalist chutzpah on the part of Pence, when it's SOP under neoliberalism — "free markets, free trade, and free capital flows" — to put less powerful countries in debt to powerful countries to the degree that they need to go to the IMF for funding to meet debt obligations, the strings attached being giving up control of their institutional arrangements, fiscal policy and national sovereignty?  I doubt Pence will fool anyone on this, but...

“China is convinced that Trump is not looking to resolve the trade dispute,” Daniel Russel, the State Department’s top Asia diplomat from 2013 to 2017, told me last month. Instead, he says, the Chinese feel Trump is merely using trade issues as a way “to undercut China.” According to multiple sources, Trump’s goal is to severely hurt China’s economy, mostly by making it so hard for companies to do business there that they go elsewhere. The tariffs are one way to do that.  It helps explain...

Zero HedgeFormer Fed Governor Warns Of "Several Decade Cold War" With China Tyler Durden

How does a tariff work? A tariff is a tax on imported goods, so if a Chinese good is sold to an American, the American literally has to pay the tax. The quote above is from Mr. Trump, as recounted in Peter Coy’s “The Real Pain From Trump’s Tariffs Trickles Down to Consumers” in Bloomberg Businessweek; it clearly highlights the fact that either (1) Mr. Trump has no understanding of how tariffs work, or (2) he does understand, and he’s lying.... Trump is apparently assuming that the price...

Is Beijing aware of the trap being set? It would be crazy to follow through with liberalization of the financial sector, inviting Western takeover.Defend Democracy PressIs China still willing to open its financial sector during trade war? Frank TangSee also “We at the Trump administration have updated our China policy to bring the concept of competition to the forefront. It’s right there at the top of the president’s national security strategy.” Revealing. US tells China: we want...