Japanese Prime Minister Shinzo Abe needs the US to confront North Korea, revitalize Japan’s economy and boost his standing at home. And he knows flattery is the way to this president’s heart.
An economist explains why the US and Chinese governments are most likely to dig in their heels rather than find a compromise to end the costly trade conflict.
Boasting the world’s biggest and strongest economy, the U.S. has enormous leverage when it sits down with a partner to negotiate a trade deal. Threats and tariffs are not really helping.
Millions of American flags come from China. Yet despite being symbols of patriotism, they’re not among the products subject to new tariffs imposed by the Trump administration.
The USMCA, while imperfect, is overall a positive development for Canada. It has a number of structural elements that may very well leave us stronger when negotiating trade pacts in the future.
Who are the winners and losers in the new USMCA? It’s complicated, but one thing’s for certain: Canada should never again allow itself to be overly dependent upon one trading partner.
The relief that the U.S. didn’t make things even worse for Canada in the new NAFTA should be tempered by the realization that the moment of reckoning hasn’t passed; it’s only been postponed.
The US and China once again exchanged fire in their escalating trade war. Tariffs have been the main source of ammunition thus far, but China has other weapons it could begin to deploy.
The economic theory of comparative cost advantage is more akin to natural law – it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.