Before the first presidential debate fades into the next news cycle, there are three economic points that bear revisiting: We need a new paradigm
for trade policy.
-LSB-...] Jared Bernstein writes that, before the first presidential debate fades into the next news cycle, we need to realize that we need a new paradigm
for trade policy.
In accordance with his campaign promises on the issue of trade, Trump's already starting to go after China
for both its trade policies that hurt American workers and its geopolitical ambitions.
Trump is already facing blowback
for his trade policies that could cost Republicans votes in the November midterm elections.
Not exact matches
U.S. - based
trade experts said they expected Beijing to offer Trump's team a package of
policy changes that may include some previously announced moves, such as a phase - out of joint venture requirements
for some sectors, autos tariff reductions and increased purchases of U.S. goods.
Edward Alden, a reliable observer of
trade policy and politics at the Council on Foreign Relations, noted that it's unusual
for the commerce secretary to comment so forcefully on a determination that could technically be reversed.
The Trump Administration is staring down a half - dozen deadlines on
trade policy that will create a moment of truth
for the White House.
Michael Michalak of the U.S. - ASEAN Business Council and former U.S. ambassador to Vietnam says Southeast Asia remains a focus
for U.S. companies, though there is some caution because of uncertainty around the impact of regional
trade policies.
But Graham Barr, the director
for Canada's multilateral
trade policy division, remains hopeful the WTO will eventually force meaningful reductions in subsidies and
trade barriers.
On Tuesday, the
trade regulator distributed a
policy statement about native ads, as well as a guide
for businesses that spells out its rules
for what is acceptable and what isn't.
For those seeking a discussion of taxes and
trade policy, hope vanished with a question from John Cruickshank, publisher of the Toronto Star, who interviewed Trudeau onstage.
The election of Donald Trump as president sparked an exodus from the US Treasury market in the final months of 2016 and early 2017 as investors prepared
for the possibility that Trump's plans
for a protectionist
trade policy, tax cuts, deregulation, and massive infrastructure spending would bring inflation back to the US.
Yet Macron offered momentary comfort to foreign
policy veterans of past administrations — the «establishment» Trump has disdained — who fear
for the future of institutions such as the North Atlantic Treaty Organization, the International Monetary Fund, the World Bank and the World
Trade Organization.
That's the insider nickname
for the solar energy industry, which — while surging — remains vulnerable to the whims of
policy and
trade.
Incidentally, those keeping score should chalk a big one up
for Washington's new
trade policy: Merkel finally relented last Saturday by promising to de-emphasize Germany's traditional export - led growth strategies — and to generate more spending by boosting domestic demand.
The election of Donald Trump as president sparked an exodus from the Treasury market in the final months of 2016 as investors began to price in the possibility that Trump's plans
for a protectionist
trade policy, tax cuts, and massive infrastructure spending would bring back inflation to the US.
«We need to prepare
for a new world, where America is an obstacle to international
trade,» said Kishore Mahbubani, a professor of public
policy at the National University of Singapore.
Policy on exchanges: Legal but use of anonymous bank accounts
for virtual coin
trading is prohibited.
During his interview on the Today show, Trump denied the accusation that his tweet was payback
for Boeing CEO Dennis Muilenberg's criticism of his
trade policies.
«Under - emphasis of these (structural)
policies relative to macroeconomic,
trade and financial stability
policies is a key reason
for many governments» failure in recent decades to mobilize a more effective response to widening inequality and stagnating median income as technological change and globalization have gathered force,» the report said.
«We need to make sure that this does not translate into misguided
policies that could make the situation much worse, not only from the perspective of
trade but also
for job creation and economic growth and development which are so closely linked to an open
trading system,» the report quoted him as saying.
Dana Peterson, a Citigroup economist, said the use of tariffs
for national security reasons is a centerpiece of Trump's
trade policy and the use takes
trade disputes into a new territory.
Turner: One of the research notes that I received this morning made the point that monetary
policy is going to dominate stock
trading for the near time.
Since then, he has blasted Trump
for everything from his anti-Muslim rhetoric to his protectionist
trade policy.
But the narrative that the electorate is pushing elected officials towards
trade - skeptical
policies doesn't actually jive with poll numbers, which show that a majority of Americans think that increased
trade is good
for the economy.
This reality, combined with the fact that just 10 % of the labor force is now employed in manufacturing, means that there is plenty of electoral support
for policies aimed at increasing
trade.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities
for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S.
trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global
trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
«
Trade policy developments are an important and growing source of uncertainty
for the global and Canadian outlooks,» the bank said in a statement Wednesday that accompanied its latest rate decision.
During one event attended by the prime minister that week, an investment seminar hosted by the Japan External
Trade Organization and the Japanese Ministry of Economy,
Trade, and Industry at the Pierre Hotel, Dr. Ziad Haider, special representative
for commercial and business affairs at the US Department of State said, «Secretary Kerry... likes to say that foreign
policy is economic
policy, and in saying that he's referring to that interplay between foreign
policy, foreign affairs, economic issues, and it's certainly true with bilateral diplomatic relations, as well.»
The U.S. could dial back the
trade deficit by trimming the value of the dollar, suggests Dean Baker, co-director of the non-partisan Center
for Economic and
Policy Research.
«Failure to pass the TPP would be a sea - change
for US
trade policy, as the US has never before failed to ratify a negotiated
trade agreement,» they added.
By moving in the direction of having publicly
traded companies have a
policy that includes consideration of gender representation on boards and in senior management, we hope that they will really take that issue seriously, that they'll consider how they're finding people to be on their boards, how they're moving women through senior management roles and making them eligible
for boards appointments.
For the economy overall — including big swaths of Trump country —
trade policy veterans of past Republican administrations say the challenge now is limiting damage in the form of disrupted supply chains, higher prices and lost jobs.
Based on wire headlines from Reuters, Xi made all the right noises when it came to the outlook
for Chinese
trade policy, helping to calm investor nerves that have been rattled over the past month as
trade tensions between the United States and China increased.
For the economy overall,
trade policy veterans of past Republican administrations say the challenge now is limiting damage in the form of disrupted supply chains, higher prices and lost jobs.
Martin Moen, the director general at Global Affairs Canada who oversees North American
trade policy, told a conference in Ottawa earlier this month that it would be «very difficult to see a path forward»
for NAFTA if the U.S. continued to insist on changes that would constrain cross-border commerce, such as a the suggestion that the value of U.S. government contracts won by Canadian and Mexican firms should match the value of contracts American companies secure in Canada and Mexico.
But
for the economy overall — including big swaths of Trump country —
trade policy veterans of past Republican administrations say the challenge now is limiting damage in the form of disrupted supply chains, higher prices and lost jobs.
President Donald Trump is shaking up
trade policy just as he promised, with one exception: the part about the «better deal»
for the American economy.
They're addressing issues the Bush administration - and Democrats
for that matter — have with China's monetary and
trade policies.
A report by Asan Institute
for Policy Studies in Seoul and C4ADS in Washington says it identified more than $ 500 million in
trade from January 2011 to September 2015 between the North and the Liaoning Hongxiang Group, which states on its website that it
trades heavily with the North.
Tea Party Republicans,
for example, might worry that a straight up and down vote on
trade might give the president too much influence over economic
policy.
«If anyone's looking
for immediate impact, it's not meant
for that,» says Daniel Schwanen, associate vice-president of
trade and international
policy with the C. D. Howe Institute.
Complaints and vilifications of China are no substitutes
for thought and smart German, EU and American
trade policies.
Again, stocks are not outright cheap, especially with liquidity and credit conditions likely having peaked
for now and
policy risks higher along several fronts (Fed, regulation,
trade).
As a candidate, Trump had promised to renegotiate or eradicate bad
trade deals between the United States and its
trading partners, and pledged to hit back at China
for its lopsided
trade policies.
Previously, Cléroux was the Quebec Assistant Deputy Minister
for Economic Development, Innovation and Export
Trade, responsible
for the implementation of economic
policies and programs to support small and medium - sized businesses and encourage entrepreneurship.
Almost instantly, some people began to abuse the
policy, grabbing items off Penney's shelves, bringing them to the register, and then
trading them in
for cash.
Despite the exemptions, nearly two - thirds of the 40 survey respondents, including economists, fund managers and strategists, see the president's
trade policies as negative
for overall economic growth, with 23 percent saying it's too soon to tell.
Steel executives say President Trump's
trade policy will level the playing field
for them, reports CNBC's Jackie DeAngelis.
However, «a number of participants reported that about their conversations with business leaders around the country and reported that
trade policy has come a concern going forward
for that growth.»