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.
In a display of the increasing role that financial, trade and economic policy holds in US foreign policy, President Obama in the first leg of his Asian tour announced a host of new trade deals with India supporting tens of thousands of US jobs as he began a 10-day trip through Asia — demonstrating the importance of global trade to the sluggish US economy.
There are mounting anxieties in Global capital markets over the divergence between China’s economic policies – specifically, its currency exchange rate policies — and the relationship that currency valuation has to a sputtering economic recovery in the rich Western economies.
The BP Gulf oil spill threatens to undermine the ‘special relationship in trade and global leadership between the U.S. and U.K. With the British press and even some officials increasingly seeing attacks on Britain itself in President Obama and his Administration’s criticisms of BP, PM Cameron has sought to calm the waters. During a visit to Afghanistan two weeks ago, he said the gulf oil spill was just one item in what was described by his spinmeisters as a “routine” phone conversation with President Obama, but he dodged direct questions about any perception of an “anti-British” side to the criticisms of BP.
In the movie ‘War of the Roses’ debt and finances were one of the central factors and most disruptive of issues in the relationship between the two characters, and the ensuing all-out war during their divorce, and inevitably, in their annihilation of each other. Believe it or not, nations act in the same manner toward each other.
In a clear threat of economic warfare, China indicated that it may sell-off its holdings of U.S. Treasury notes in retaliation for our recent arms sale to Taiwan.
Wrap-up of Davos World Economic Forum 2010, from FT’s Money Supply blog.
While it appears that China’s success and emergence is unsettling to many and is becoming the source of American angst toward China, rather than resent the shift of economic power from West to East, we may have something to learn from their ancient civilization.
An nation-by-nation interactive Pittsburgh G-20 Survival Guide brought to you by Global Post (www.globalpost.com) covering all the issues likely to be covered, who is leading each nation’s delegation, and other pertinent G-20 “insider” information.
Pittsburgh, PA will host the next G-20 Summit slated for Thursday & Friday, September 24-25th, 2009. President Obama will chair this meeting of leaders from countries around the world who represent 85% of the global economy. At the Pittsburgh G-20 Summit, leaders will review the progress made since the London Summits, recent protectionist measures between the U.S and China over tires, auto parts and chicken exports, and discuss further actions to assure a sound and sustainable economic recovery from the global financial and economic crisis.
Hosted by the Obama Administration, the U.S. and China are holding two-days of top-level bi-lateral talks in Washington, D.C. this week. The talks are being held Mon-Tues, July 27-28th and will cover a broad range of economic, national security, diplomatic, energy and environmental issues. China sent a 150-man delegation led by State Councilor Dai Bingguo […]
Let’s peel our eyes off of today’s Dow Jones Average for just a few minutes… March has marked a rather curious point in US-Mexican relations, causing many to raise a speculative eyebrow toward our new direction in international trade policy. Is President Obama beginning to draw a dangerously protectionist “line-in-the-sand” in an attempt […]
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