Lemaoana employs Kanga fabric for his text - based textiles, choosing the medium for its historic role in
trade imbalances from East to South Africa.
Not exact matches
By way of one of his executive orders
from last week, Trump has called on the U.S. Department of Commerce to assemble a report on the root causes of the
trade imbalance.
It is the rare combination of a simultaneous impact of hugely restrictive fiscal policies, gravely damaged channels of financial intermediation and crippling
trade imbalances in especially depressed segments of the world economy - the euro area - where there is an obvious need for a strong stimulation of domestic demand in countries of that region whose
trade surpluses range
from 2 percent to nearly 9 percent of gross domestic product (GDP).
The Wall Street Journal reported that ««China and the U.S. have quietly started negotiating to improve U.S. access to Chinese markets, after a week filled with harsh words
from both sides over Washington's threat to use tariffs to address
trade imbalances,» people with knowledge of the matter said.»
The Wall Street Journal reported that Treasury Secretary Steve Mnuchin and his heavyweight team of U.S. officials handed China a lengthy list of demands on
trade, ranging
from immediately cutting a
trade imbalance by $ 100 billion a year to halting all Chinese government support for advanced technologies.
But with the impact on Africa of China's downturn and a growing
trade imbalance — China exported $ 102 billion to Africa last year but imported only $ 67 billion
from the continent — skeptical voices are increasing.
At the same time, the deficit in the country's current account — the
imbalance in the
trading of goods and services as well as the shortfall in all other cross-border payments
from interest income and rents to dividends and profits on direct investments — underwent its fastest ever quarterly deterioration.
He raised taxes at a time when the average family was near or in starvation mode, he confiscated all of the nation's privately - owned gold and then promptly devalued the dollar by 40 % (reducing the buying power of any saved dollars by almost half overnight), he raised bank reserve requirements numerous times (taking yet more cash out of the real economy so it could be hoarded in vaults), he actively supported a
trade war with tariffs that created massive global
imbalances (some would argue ushering in the rise to power of fascist regimes that would have had no chance in times of prosperity), and perhaps most damning, rather than plowing most of those raised tax dollars back into the stalled economy, he instead bought gold on the global markets for the government and sequestered it, keeping it
from backing new dollars (monetary expansion, which most understand is required to turn a recession around) and instead further crushing the economy — and not just the US economy.
Apparently, there's a $ 400 million - dollar
trade imbalance with the US and President Trump is looking at slapping embargos on imported goods
from Canada, including lumber.