Recent US Commerce Department figures showing a widening of the country’s trade deficit serve to illustrate the inherent contradictions in President Trump’s vow to narrow the gap while urging faster economic growth.
Trump’s blunt mercantilism risks pushing Mexico and Canada into China’s arms. Indeed, both countries have expressed interest in signing a deal with Beijing.
India’s external trade has grown significantly with the continent across the Indian Ocean. There are many similarities the regions share in both challenges and opportunities, and plans are evolving to strengthen partnerships.
Under the idea to “Make America Great Again” the plan is to extract concessions, country by country, wielding U.S. economic power to reduce trade deficits.
From 2003 to 2017, the Effective Federal Funds Rate (EFFR) dropped by 36% while gold rose 169%, and dollar purchasing power reflects this low-rate environment.
In a speech at the Foreign Policy Association Khanna argued that globalization is not at risk of reversing despite recent surges in popularity of nationalist ideas.
In response to Beijing’s recent economic retaliations over the deployment of THAAD, Seoul raised the issue of trade agreements violations at a WTO meeting.
The new pick for U.S. trade representative, Robert Lighthizer, recently signaled the new administration’s get-tough approach to China over trade issues.
Beyond NAFTA, Mexico and Canada could benefit greatly from a boom in the U.S. economy if it is accompanied by wise domestic policy decisions.
The TPP raised security issues, offering many loopholes in user safety, digital privacy, preservation of intellectual property, and government surveillance.
Analysts are alarmed over the potential for a U.S-China trade war after the selection of Peter Navarro as the head of the White House National Trade Council.
As Iran’s economy is likely to become a bonanza for foreign companies in the upcoming years, Russia is preparing to secure its share.
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