In The News

US Dollar Could Lose Special Standing: CNBC

James McCormack June 18, 2019
The US dollar may eventually lose its standing as the world’s leading reserve currency due to protectionist policies, including sanctions and tariffs, as well as policy decisions abroad. “The primary reasons for the dollar’s continued dominance are inertia and the lack of viable alternatives, neither of which U.S. policymakers should find comforting for the longer term,” explains James McCormack...

Global Recession on Way: South China Morning Post

Anthony Rowley June 14, 2019
With trade tensions, increased protectionism and major economies in no mood to cooperate, global recession is inevitable and possibly even reach crisis levels. Monetary easing or fiscal stimulus may not be effective if countries are intent on isolation. Global trade growth is at its slowest and Anthony Rowley compares current economic troubles with previous recessions: “The renewed slowdown in...

China Warning on US Study: South China Morning Post

Sarah Zheng June 5, 2019
The escalating US-China trade war could last for months or years with uncertainty spreading throughout both economies. “China issued an official warning on Monday for Chinese students seeking to study in the United States, amid heightened tensions between the two countries,” reports Sarah Zhen for the South China Morning Post. “The Ministry of Education urged students and academics to ‘raise...

US Trade Deal With Britain Not Easy: CNN

Julia Horowitz, June 5, 2019
As the United Kingdom struggles to exit the European Union, its leaders hope for new trade partners. Visiting Britain, US President Donald Trump expressed desire for a bilateral deal. The United States accounts for 14.7 percent of total UK trade in goods and services, while the European Union represents 49.4 percent. “Britain can't open negotiations with potential partners until after it...

Trump Vows Rapid Tariffs for Mexico: Reuters

Steve Holland and Frank Jack Daniel May 31, 2019
Donald Trump counts on tariffs as a tool for convincing other nations to do his bidding. He vows to target Mexico unless it reduces the number of undocumented immigrants and asylum seekers crossing the southern border, imposing tariffs of 10 percent as of June 10 and rising to 25 percent in October. Mexico had shifted to the top US trade partner in goods after Trump imposed tariffs on China. “...

Foreign Policy Challenges for Modi: Economic Times

Raj Kumar Sharma May 24, 2019
Economic and other domestic policies typically sway India’s voters, but India’s Prime Minister Narendra Modi won his second term by focusing on foreign policy and security issues, explains Raj Kumar Sharma for the Economic Times. Modi must be wary as the United States could expand its trade war with China to other nations like India and the rivalry could spur China’s dominance in Asia. For now,...

Google Restricts Huawei’s Android Use: BBC

BBC May 23, 2019
The Trump administration’s latest move in the US-China trade war is blacklisting Chinese company Huawei. The US placed the maker of telecommunications equipment on a list of entities blocked from trading with American firms without a license. Huawei, the world’s second biggest smartphone provider after Samsung, is now set to lose access to the upcoming version of Android, after Google took action...