Global alert: Other countries should steer clear of Trumponomics
1 month, 1 week ago

Global alert: Other countries should steer clear of Trumponomics

Live Mint  

Given Donald Trump’s nominees for key cabinet positions so far, it appears that the US president-elect is determined at least to try to deliver on many of his campaign promises. Or consider Trump’s two other major campaign promises: Significant tax cuts and new 10-20% tariffs on imports from the rest of the world, with the rate rising to 60% for goods from China. There is no way around it: If the US truly wants to reduce its aggregate imports, it will have to reduce overall domestic demand; or more precisely, it will have to raise domestic savings relative to its investment needs, which in turn would mean receiving less net capital from abroad. Faced with Trump’s return, wise foreign leaders would start thinking about how to tackle their countries’ own long-standing domestic economic challenges.

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History of this topic

Better Sino-US ties best option for Trump
3 weeks, 2 days ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

Trump can do a business deal with China
Trending News
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
Trending News
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump's growth and trade agendas are at odds. His economic team will point to the winner.
1 month, 3 weeks ago

Trump's growth and trade agendas are at odds. His economic team will point to the winner.

Live Mint  

Wall Street is glued to “The Apprentice: Treasury Edition." There are two main planks to that agenda: tax cuts and deregulation to bolster economic growth; and tariffs to reduce the trade deficit and bring back factory jobs. Inflation-indexed bonds and derivatives expect inflation next year will be about a quarter of a percentage point higher than they anticipated a month …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?
1 month, 4 weeks ago

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?

Firstpost  

Donald Trump’s return as US President could bring significant economic shifts, with proposed tariffs and stricter immigration policies affecting global trade and emerging markets. These tariffs could also affect global economic growth, with the International Monetary Fund projecting it at just 3.2 per cent for next year. In a recent interview, IMF First Deputy Managing Director Gita Gopinath stated that …

Markets hail Trump’s economics
2 months ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

How are world economies reacting to Trump's imminent return as U.S. president?
2 months ago

How are world economies reacting to Trump's imminent return as U.S. president?

NPR  

How are world economies reacting to Trump's imminent return as U.S. president? “This is quite a complex network of supply chains, and increased tariffs by the U.S. — which would probably lead to retaliation by other major trading powers — would disrupt those existing supply chains, which leads to uncertainty, increased costs, and therefore has a knock-on effect on companies.” …

What could a second Trump presidency mean for foreign affairs?
2 months ago

What could a second Trump presidency mean for foreign affairs?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ms Maddox added: “The question …

Will Trump's historic comeback affect global economy?
2 months ago

Will Trump's historic comeback affect global economy?

Firstpost  

Trump’s return to the White House could trigger global trade tensions, higher inflation, slower growth, and reduced international cooperation, with significant economic impacts on the US, China, and the EU Donald Trump’s return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts …

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
2 months ago

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in

Live Mint  

US Election Results 2024: In a remarkable turnaround after losing the 2020 elections, Republican US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President Trump's top …

Fears of fresh wave of global inflation after Trump declares victory
Trending News
2 months ago

Fears of fresh wave of global inflation after Trump declares victory

The Telegraph  

Donald Trump’s victory in the presidential election has reignited fears that he will unleash a fresh wave of global inflation. Analysts said victory for the Republicans – including across Congress – would also push down growth in Europe, extending the bloc’s era of stagnancy. Kallum Pickering, the chief economist at Peel Hunt, said these moves represented the “boon for US-exposed …

Decoding Trump's 10% tariff plan
11 months, 2 weeks ago

Decoding Trump's 10% tariff plan

China Daily  

Former US president Donald Trump speaks at a caucus site in Clive, Iowa, the United States, Jan 15, 2024. This bold, protectionist move, aiming to boost American manufacturing, could have profound implications for the US economy, disrupt global trade, and add a new dimension to the already complex and tense US-China relationship. As the world's largest economy running the world's …

Decoding Trump's 10% tariff plan
11 months, 2 weeks ago

Decoding Trump's 10% tariff plan

China Daily  

Former US president Donald Trump speaks at a caucus site in Clive, Iowa, the United States, Jan 15, 2024. This bold, protectionist move, aiming to boost American manufacturing, could have profound implications for the US economy, disrupt global trade, and add a new dimension to the already complex and tense US-China relationship. As the world's largest economy running the world's …

Chinese President Xi Jinping Warns 'Period of Turbulent Change' as External Risks Rise
4 years, 4 months ago

Chinese President Xi Jinping Warns 'Period of Turbulent Change' as External Risks Rise

News 18  

Chinese President Xi Jinping warned that the world’s second-biggest economy is facing a period of ‘turbulent change’ and that rising external markets risk required policymakers to increasingly rely on domestic demand to spur growth. The five-yearly economic blueprint is expected to be unveiled in the annual parliament meeting next year, and Xi said China must be prepared for “a period …

Trump and Biden on trade: Same diagnosis, different prescription
4 years, 4 months ago

Trump and Biden on trade: Same diagnosis, different prescription

LA Times  

International trade was never much of an issue in presidential campaigns until Donald Trump. In 2016, he made trade a key plank in his economic nationalism platform, denouncing America’s biggest free trade pacts and promising a whole new way of doing business with the rest of the world. President Trump At the core of Trump’s trade policy has been his …

The U.S.-China War Over Trade and Tariffs, Explained
4 years, 11 months ago

The U.S.-China War Over Trade and Tariffs, Explained

Bloomberg  

What started in 2018 with U.S. levies on imported washing machines and solar panels to protect domestic producers escalated into a cycle of tariffs, talks, threats and truces that rocked financial markets. Behind all the sparring between the U.S. and China -- one an incumbent superpower, the other a rising one -- over tariff levels and targeted product lists are …

American citizens are paying for President Trump's tariffs — not China
5 years ago

American citizens are paying for President Trump's tariffs — not China

Salon  

Two new economic working papers from the National Bureau of Economic Research shared on Monday revealed the sweeping impacts of President Donald Trump’s tariffs and trade war and undercut his repeated claims about his policies’ supposed benefits. “The data show that U.S. tariffs have caused foreign exporters of steel to substantially lower their prices into the U.S. market,” they wrote. …

US-China trade deal negotiations hit another snag
5 years, 1 month ago

US-China trade deal negotiations hit another snag

CNN  

CNN Business — President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter. In the last several days, the two sides have found themselves at odds over the finer details of an agreement that …

AP FACT CHECK: Trump glosses over US pain from trade war
5 years, 4 months ago

AP FACT CHECK: Trump glosses over US pain from trade war

Associated Press  

WASHINGTON — President Donald Trump is sticking to his distorted picture of the consequences of his trade war with China, refusing to acknowledge the U.S. is feeling any pain. In a study in May, the Federal Reserve Bank of New York, with Princeton and Columbia universities, estimated that tariffs from Trump’s trade dispute with China were costing $831 per U.S. …

When China wants ‘U.S. to return to reason’
5 years, 4 months ago

When China wants ‘U.S. to return to reason’

The Hindu  

The language used by a Foreign Ministry spokesperson is a barometer of what her government thinks of an issue. And, then came the punch line: “We hope that the U.S. can return to reason.” In 2018, Beijing was Washington’s largest goods trading partner with two-way trade totalling $659.8 billion. Punitive tariffs U.S. President Donald Trump imposed a fourth round of …

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington
5 years, 4 months ago

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington

Firstpost  

US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China Washington: US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China. “China is eating the tariffs,” Trump said on Twitter, repeating his claim that higher duty rates meant Washington collected billions of …

China hits out at ’bullying’ US over new tariffs
5 years, 4 months ago

China hits out at ’bullying’ US over new tariffs

Live Mint  

Beijing: China on Saturday angrily hit out at the latest US tariff hikes on its goods, saying a "bullying" Washington would eventually "eat its own bitter fruit". European leaders have also warned US President Donald Trump of the dangers of trade skirmishes with China and Europe, which look set to dominate the G7 summit due to begin in France. The …

Trump defends China policy, says US economy is world's best
5 years, 4 months ago

Trump defends China policy, says US economy is world's best

India TV News  

President Donald Trump on Sunday defended his strategy versus China, on whose goods Washington has imposed heavy tariffs as the two nations are engaged in high-stakes trade talks, and he called the US economy "the best in the world." The new tariffs were slated to go into effect on September 1, a threat that intensified the trade war between the …

Donald Trump's 2020 election chances could fall if the US economy slides into recession
5 years, 4 months ago

Donald Trump's 2020 election chances could fall if the US economy slides into recession

ABC  

"It's the economy, stupid." Democratic campaign strategist James Carville smiled and said, "It's the economy, stupid." The trade war with China could cloud consumer confidence But there's another popular US axiom that's worth noting: "Vote one's pocketbook." "We're doing this for the Christmas season, just in case some of the tariffs would have an impact on US customers," Mr Trump …

Trump’s global turmoil threatens his reelection chances
5 years, 4 months ago

Trump’s global turmoil threatens his reelection chances

CNN  

Washington CNN — President Donald Trump is showing what happens when the United States abandons its decades-long role as a guarantor of stability and instead chooses to act as an agent of global disruption. The data is the most compelling argument yet that Trump’s statement that “trade wars are good and easy to win” and that the uncertainty and damage …

Trump delays tariffs on some Chinese goods until December
5 years, 4 months ago

Trump delays tariffs on some Chinese goods until December

Associated Press  

WASHINGTON — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. But under pressure from retailers and other businesses, President Donald Trump’s trade office said it would delay until Dec. …

US President Donald Trump warns China of substantial increase in import tariffs
5 years, 5 months ago

US President Donald Trump warns China of substantial increase in import tariffs

India TV News  

US President Donald Trump Friday warned of imposing substantial tariffs on imports from China if the trade negotiations do not go well. It goes on September 1," Trump said a day after he announced to impose 10 per cent tariff on Chinese products worth nearly USD 300 billion. Observing that the US was "so far behind" China before he became …

Editorial: Trump’s tit-for-tat trade war with China escalates again
5 years, 7 months ago

Editorial: Trump’s tit-for-tat trade war with China escalates again

LA Times  

Containers are offloaded from a ship docked at the Port of Oakland in Oakland, Calif., on May 13. That’s the main reason President Trump has tried to raise the pressure on China by imposing ever-larger tariffs on a growing number of Chinese goods. Trump’s decision to ratchet up tariffs came after a setback in his effort to persuade Chinese leaders …

Trading punches: Can China absorb Trump’s latest tariff blow?
5 years, 8 months ago

Trading punches: Can China absorb Trump’s latest tariff blow?

Al Jazeera  

China’s economy is less reliant on exports than it once was, and could boost trade with other countries, experts say. Shortly after Trump raised import tariffs on $200bn worth of Chinese goods to 25 percent from 10 percent, China’s Ministry of Commerce promised to take “necessary countermeasures”, without giving details. “The overall impact of the 25 percent tariffs on China’s …

China overplayed its hand with Trump on trade, and it could cost them dearly
5 years, 8 months ago

China overplayed its hand with Trump on trade, and it could cost them dearly

CNN  

Hong Kong CNN — China and the United States were moving towards an agreement to end a months-long trade war when, suddenly, it all fell apart this week. Speaking at a rally in Florida later Wednesday, Trump said the new tariffs were because China “broke the deal.” “You see the tariffs we’re doing?” the President asked his supporters. In April, …

'Frustrated' Donald Trump threatens to raise taxes on China imports: US President challenges Xi Jinping either change or suffer consequences
5 years, 8 months ago

'Frustrated' Donald Trump threatens to raise taxes on China imports: US President challenges Xi Jinping either change or suffer consequences

Firstpost  

But Trump also has an incentive to reach a deal. Beijing: By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: Agree to sweeping changes in China’s government-dominated economic model — or suffer the consequences. — Donald J. Trump May 5, 2019 The president vowed to raise tariffs on $200 billion in …

Opinion | Another Trump tweet, another trade salvo
5 years, 8 months ago

Opinion | Another Trump tweet, another trade salvo

Live Mint  

Just as the world thought that the US and China were headed for a truce on their trade war, US President Donald Trump has sprung a surprise, threatening to raise tariffs on $200 billion worth of Chinese imports as early as Friday. Trump’s threat could yet be no more than a playbook move aimed at negotiating a better deal ahead …

Fact-checking (yet again) Donald Trump on China tariffs
5 years, 8 months ago

Fact-checking (yet again) Donald Trump on China tariffs

CNN  

CNN — Days ahead of what have been billed asthe final round of China and US trade talks, President Donald Trump tweeted Sunday that he would be increasing tariffs on most Chinese exports to the US to 25%. Twice on Sunday, the President claimed that China is paying the cost of these tariffs and that “ariffs paid to the USA …

Trump’s push for tariffs squeezes a weakening global economy
6 years, 1 month ago

Trump’s push for tariffs squeezes a weakening global economy

Associated Press  

NEW YORK — The global economy was already showing signs of a slowdown when President Donald Trump reminded the world of his love of tariffs and sent a chill through financial markets. “ALL subjects discussed!” Still, Trump’s rattling of the global economy came at a precarious moment, with the economic outlook for 2019 dimming and concerns about a potential recession …

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