Not exact matches
The
current risk aversion observed in the capital markets is «reasonably understandable» due to the uncertainty over how
trade tensions are going to ease, says Jonathan Pain of The Pain Report.
Patrick Chovanec of Silvercrest Asset Management says concerns around issues such as inflation and
trade tensions have «eclipsed» the good news around the
current market performance.
So far,
trade tensions have led to bouts of market volatility, but have not signaled that the economy won't be able to continue growing at its
current pace.
We expect the direct economic impact of
current trade actions to be relatively minor (and dwarfed by the pro-growth measures passed to date), but further escalation of
trade tensions could strengthen the economic headwinds.
In a new report, the body says that the
current state of
trade is the strongest it has been since before the financial crisis, but it could falter if
trade tensions escalate further.
The stakes of next week's meeting will be high, He argues: «The
current China - U.S.
trade tension is not only a bilateral showdown, still less a tech transfer issue, but a major struggle between unilateral protectionism and multilateral free
trade.»
The
current sanctions limit the amount of energy that can be legally exported to North Korea, and Russia would like the
tensions to be resolved so they could export more energy (though allegedly they are still
trading under the table) and also so that Russia would have an easier path to
trade with South Korea.
But, one need look no further than the
current debate in the UK over the EU referendum to find other parallels with Repeal — e.g., an internal split in the Conservative party over British identity (particularly in a world with increasing
trade linkages); the difficulty in ascertaining the winners and losers from a fundamental reorientation of
trade policy, amidst inherent uncertainty; the existence of
tensions between different sectors and regions, stemming from
trade exposure; and so on.
Do you think international
trade is becoming more restrictive due to
current worldwide
tensions?