trade war Archives - Page 5 of 5

Barkley Rosser — Is Treasury Secretary Mnuchin Right About The Impact Of The Dollar On US Trade?

Mike Norman January 30, 2018 Mike Norman Economics

Let me conclude that while I agree with Dean that lowering the value of the dollar may will certainly tend to increase the quantity of exports and lower the quantity of imports as well as tend therefore to increase employment somewhat, this does not mean that I necessarily support a "talking down the dollar" policy. One obvious problem, mentioned by Summers, is that a too obvious and aggressive such nationalist policy is likely to call forth retaliation from other nations, just as an...

Reuters — ECB hits out at Washington for talking down the dollar

Mike Norman January 25, 2018 Mike Norman Economics

European Central Bank chief Mario Draghi took a swipe at Washington on Thursday for talking down the dollar, a move he said threatened a decades-old pact not to target the currency and might force his bank to change its own policy. ReutersECB hits out at Washington for talking down the dollarBalazs Koranyi, Francesco Canepa

Rob Crilly — Justin Trudeau tells Donald Trump he will block Boeing contracts over Bombardier tariff row

Mike Norman October 12, 2017 Mike Norman Economics

The first trade war of the Trump administration is with — Canada! Not counting sanctions as trade war, of course. Sanctions are just war by non-military means. Justin Trudeau, the Canadian Prime Minister, told President Donald Trump on Wednesday he would block his country’s armed forces from buying Boeing aircraft if the US presses ahead with plans to slap import tariffs of 300 percent on Bombardier aeroplanes. The issue is threatening to ignite a trade war between the US, Canada and the...

Asia Unhedged — Freed from White House role, Bannon takes aim at China

Mike Norman September 28, 2017 Mike Norman Economics

Bannon-backed Ray Moore defeated the Trump-backed establishment candidate in the Alabama GOP rimary for senator. Fresh from victory, Bannon now smells blood in the water. Trump is now isolated between the GOP establishment he needs to get things done in Washington and his anti-establishment base that wants the "swamp" drained, which means the establishment of both parties. US business is bound at the hip to China as a result of Chinamerica policy. Since the GOP establishment is funded...