Free -
trade economists say these types of moves don't do much to protect workers, and anything that raises the price of steel hurts other American industries.
Not exact matches
«It works against the administration's goal of increasing U.S. exports to eliminate our
trade deficit,»
says Dan Ikensen, an
economist at the Cato Institute.
Bob Baur, chief global
economist at Principal Global investors in Tokyo
said that a yen
trading in a range of 95 - 100 to the dollar would be positive for Japan's economy.
WASHINGTON, March 7 - An
economist who believes that Chinese goods are literally poisoning Americans, advocates ending Washington's «One China» policy and
says trade deals have weakened the United States economically with the connivance of U.S. business has emerged as the big winner from renewed turmoil in the White House.
A
trade war would be a risk to Japan's economic growth story,
says Andrew Staples of the
Economist Corporate Network.
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.
«The cost of a
trade war will be tremendous and it will make everyone unhappy,» Junichi Makino, chief
economist at SMBC Nikko Securities in Tokyo,
said in a report on Friday.
«There are some very significant
trade linkages inside of Europe one would be foolish not to think about,»
says Peter Hall, chief
economist at Export Development Canada.
TD Bank
economist Leslie Preston
says the bank is forecasting the WTI - Brent gap to close by 2014 or 2015, with WTI
trading for about $ 100 / barrel by 2013.
Exports from Canada to the U.S. could be subjected to a maximum tariff of 3.5 per cent under the World
Trade Organization's «most favoured nation» provision, to which Canada would almost certainly respond with its own tariffs on imports from the U.S. «For Canada, under WTO rules, we'd have to put up barriers with the U.S., and the retaliation would be one of the biggest sources of negative impact for us,»
says Dan Ciuriak, a former deputy chief
economist with the Department of Foreign Affairs and International
Trade.
«We don't have free
trade deals with China and they're still our second - largest
trading partner,»
says Jacqueline Palladini, a senior
economist with the Conference Board of Canada.
«If you asked me in 25 years will most of the market still be actively managed, I'd
say «yes»,»
said Brian Reid, chief
economist at retail fund
trade association Investment Company Institute.
«If we both impose tariffs and they're actually employed, I guess I would call that a
trade war,»
said Michael Englund, chief
economist at Action Economics.
A
trade war between the U.S. and China will ultimately hurt the very people President Donald Trump
says he's aiming to protect, according to Nobel Prize - winning
economist Christopher Pissarides.
«Ultimately it will be in the interest of both sides not to pursue an all - out
trade war,»
said Bernard Baumohl, chief global
economist at the Economic Outlook Group.
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.
Chinese exports have risen «despite repeated Chinese claims that they were going to reduce their steel capacity,»
said Ross, whom The
Economist, a business magazine that champions free
trade, in 2004 labeled «Mr. Protectionism» for his history of owning businesses protected from foreign competition.
A
trade war between the United States and China would ultimately hurt the very people President Donald Trump
says he's aiming to protect, according to a Nobel Prize - winning
economist.
The likelihood of bitcoin prices falling to $ 100 is greater than that of the digital currency
trading at $ 100,000 a decade from now, Harvard University professor and
economist Kenneth Rogoff
said on Tuesday.
«They have quite a tough
trade off between what they do with the cash rate and the impact on the exchange rate and what happens to the housing market,»
said Westpac Bank Senior
Economist Satish Ranchhod
said.
«While much attention has focused on the role of China in slowing world
trade growth, the trajectory of world
trade growth from here depends more on the «old world» markets of the U.S. and Europe than standard
trade data would suggest,»
said Adam Slater, lead
economist at Oxford Economics, in a report out last week.
«Most
economists agree that
trade deficits are the result of saving and investment decisions rather than
trade agreements,» Capistran and Harris
said in an October note.
Economists, who had expected a $ 40.00 billion
trade gap in September,
said the wider deficit could cut as much as a half a percentage point off that growth estimate.
«The sharp decline in March export growth after very solid performance in January and February suggests some exporters may have front - loaded exports (early) this year due to concern over the possibility of a Sino-U.S.
trade war after the U.S. hiked tariffs on global imports on solar panels and washing machines,»
said Lisheng Wang, an
economist at Nomura in Hong Kong.
«We expect that the
trade sector actually will subtract slightly from growth in the coming year,»
said Peter D'Antonio an
economist at Citigroup in New York.
«It's a pretty solid report with a big burst in consumption at the end of the year, a big narrowing in the
trade deficit and some weakness in housing,»
said Julia Coronado, chief
economist for North America at BNP Paribas.
But few
trade economists would
say that a
trade war is good or that it should be sought out; most think of
trade wars as something to be avoided — or, at most, endured for the sake of protecting an industry that needs a helping hand from the government.
«We expect a stronger dollar and weaker growth abroad, most notably in Europe, will take a greater toll on the
trade balance and overall growth in the economy,»
said Diane Swonk, chief
economist at Mesirow Financial in Chicago.
Trade agreements streamline paperwork,
says Motria Savaryn - Roy, an
economist with Export Development Canada's Economic and Political Intelligence Centre.
Syria, Russia
say Israel launched missile strike on Syrian air base Wall St Journal Hungary's nationalist prime minister wins third term in power: Reuters Trump predicts China will blink first in
trade dispute with US: Bloomberg Trump administration officials soften tone on
trade dispute with China: WSJ N. Korea
says it will discuss denuclearization: NY Times Kudlow: White House considering plans to undo parts of spending bill: Wash Exam US hiring growth slowed sharply in March: Bloomberg German industrial production fell by the most in over 2 years in Feb: Reuters Forward curve for 1 month overnight indexed swap rate inverts: Bloomberg Many US state govts struggling with weak revenue growth: The
Economist
And Mr. Trump's signature economic policy so far — the $ 1.5 trillion tax cut — is likely to widen the
trade deficit in coming years by encouraging more investment in the United States, many
economists say.
In a January 2018 Financial Times article, ING's Asia chief
economist and head of research, Rob Carnell, was quoted as
saying that the Chinese decision may be in reaction to U.S. President Donald Trump's
trade rhetoric:
Some
economists see less potential for a
trade war: «I don't think it will spiral out of control,»
said Thea M. Lee, president of the Economic Policy Institute.
Economist David Madani
says that the market is «surviving for the time being on rapidly rising prices» in overvalued and thinly -
traded markets, but regional sales indicate that it's unraveling.
On the other hand, there are
economists who
say that NAFTA has caused the loss of countless jobs to the lower - cost environments in Mexico, and that these jobs will come back in a post-NAFTA
trade environment.
«The benefits of global
trade are far - reaching,»
said Bodhi Ganguli, Lead
Economist for Dun & Bradstreet's Country Risk Services.
Philip Levy, senior White House
trade economist for President George W. Bush,
said the Trump administration «comes off as belligerent» in the document.
Economists have
said that Trump's rejection of
trade deals could also lead to a higher cost of goods within the United States.
President's «economic protectionism» harkens back to errors that fueled Great Depression,
say experts including 14 Nobel winnersOver a thousand
economists have written to Donald Trump warning his «economic protectionism» and tough rhetoric on
trade threatens to repeat the mistakes the US made in the 1930s, mistakes that plunged the world into the Great Depression.The 1,140 -LSB-...]
«We're certainly hopeful that the cost environment and the demand environment will stay healthy» so airlines can invest in new planes and passenger amenities,
said the U.S.
trade group's chief
economist, John Heimlich.
But technology transfers and investment restrictions are not conventional
trade,
says Dean Baker,
economist at the Center for Economic and Policy Research, a nonpartisan think tank.
«Factory activity accelerated in April despite concerns among many firms about changes in international
trade policy,»
said Chad Wilkerson, vice president and
economist at the Federal Reserve Bank of Kansas City.
«
Economists are pretty united in their opposition to protectionist
trade policy,» Bryan Riley, director of the NTU's free -
trade initiative,
said in an interview.
«I believe marijuana and beer fit into this gray area, of substitutes and complements,» Michael Uhrich,
economist of the Beer Institute
trade group,
said at a meeting earlier this year, according to an account by Beer Business Daily.
The auto
trade deficit with Mexico represents almost two - thirds of Canada's overall auto
trade deficit of $ 18.5 - billion (Canadian),
said Jim Stanford, former
economist for Unifor, which represents workers at the Detroit Three's Canadian plants.
Austrade chief
economist Mark Thirlwell
says Australia's largest
trade partnership is with an emerging market, China.
BNZ senior
economist Doug Steel
said a genuine increase in demand for protein, particularly from China, was also fuelling the price bonanza, which saw the average price on Fonterra's GlobalDairy
Trade auction this week surge 14.2 per cent on the last auction.
«The only thing more exciting than shopping Peru's world - famous, exquisite, handcrafted silver, high quality alpaca wool and pima cotton at Peru Show will be doing that while also enjoying Peruvian wines, signature pisco cocktails, ceviches and gourmet super foods, multi-variety potato and organic quinoa dishes, and more,» Conrado Falco,
economist,
Trade Commission of Peru in New York
said.
The $ 10,000 cap «immediately makes houses more expensive,»
said John Rizzo, chief
economist for the Long Island Association
trade group.
Take Ivory Coast.I find it difficult understanding why an academician or to be more specific, an accomplished
economist of Dr Bawumia's calibre.Let me quote here a statement made by Madam Christie Lagarde the IMF director «Mediocre economic growth could become the new reality leaving millions stuck without jobs and increasing the risk to global financial stability» she
said this after she has explicitly stated the global economic challenges and how certain structural reforms in Ghana including infrastructure investment as well as
trade reforms were going to impact positively on Ghana's economy.