In The News

Financial Times: Trade War Escalation Rattles Global Stocks

Joe Rennison, Pan Kwan Yuk and Gabriel Wildau July 12, 2018
The United States announced additional tariffs worth $200 billion on Chinese imports, and retaliation is anticipated from China. US tariffs would cover nearly half of Chinese imports. Global stock markets, especially chipmaker, industrial and mining sectors, are in decline. “The escalating trade war is adding to downward pressure on China’s economy from a slowdown in infrastructure investment and...

Washington Post: India Imposes Retaliatory Tariffs on US

Annie Gowen July 10, 2018
India has joined the global trade war alongside the European Union, China and other US trading partners in response to the Trump administration’s recent tariff hikes on steel and aluminum by increasing import duties on goods such as almonds, apples and select metal products. India notified the World Trade Organization of this decision on June 14. Annie Gowen reports for the Washington Post: “it...

Reuters: British Foreign Secretary Quits Over Brexit Plan

Elizabeth Piper, William James and Andrew MacAskill July 9, 2018
European nations share many trade, travel and security benefits from membership in the European Union. In 2016 with a close vote, British voters supported leaving the union after assurances that exit would be easy. As details on Brexit costs emerged, Prime Minister Theresa May favored retaining close ties with the EU – with a free trade area on goods but restrictions on immigrants. Two cabinet...

Wall Street Journal: US Dollar and Global Market Malaise

James Mackintosh July 6, 2018
Uncertainty is disrupting global markets and increasing volatility, and investors are becoming more cautious about riskier investments including emerging markets, bonds and investments associated with countries running high levels of debt, with Chinese stocks down 20 percent, and unconventional investments like bitcoin. In turn, some bank stocks and commodities are under pressure. The many trends...

BBC: US-China Trade War Could Hurt All

Karishma Vaswani July 5, 2018
The United States launched tariffs on a range of products, and China, the European Union, Canada and Mexico quickly retaliated. The US targeted products associated with the Made in China 2025 initiative, and in turn China targeted US agriculture, the car sector, medical products and coal. “A list of Chinese products will be hit with a 25% tariff from Friday – effectively making them 25% more...

The Economist: Trade War Between US and China Looks Likely

July 4, 2018
A transpacific trade war between the United States and China looms large, with the Trump administration alleging that China has stolen “America’s intellectual property” and engaged in “unfair industrial policy.” On June 15, the Trump administration offered two lists of Chinese products that would be subject to tariffs of 25 percent, worth about $50 billion. The first list comes into effect on...

Times of India: Globalization’s Revenge

Nayan Chanda July 3, 2018
Global leaders are uncertain about their relationship with the United States. Policies, whether promoting America first in trade or separating children from parents seeking asylum, have long-term consequences for other countries. Questions emerge about the meeting between the US president and North Korea’s leader, followed by Donald Trump’s assurances that the nuclear weapons problem had been...