3 thoughts on “Trump Studying Global Economics

  1. Flipism says:

    After US president Donald Trump moved to launch long-promised punitive measures against $60 billion worth of Chinese goods, Beijing today (March 23) announced plans for retaliatory tariffs on $3 billion of US imports. The list covers 128 products including fruit, pork, and steel pipes, according to a statement from the commerce ministry. https://qz.com/1236054/trumps-trade-war-china-unveiled-retaliatory-tariffs-on-3-billion-of-us-imports/
    An interactive guide to the $506 billion in goods the U.S. imported from China in 2017 https://qz.com/1232833/explore-all-506-billion-in-goods-that-the-us-imported-from-china-in-2017/
    Stock markets slumped around the world following President Donald Trump’s announcement of new tariffs on $50 billion worth of Chinese imports raised fresh concerns about an escalating trade war between the world’s two largest economies. http://www.businessinsider.com/us-china-trade-war-prospect-rises-rattling-global-stock-markets-2018-3

    • 8-Ball says:

      China’s ambassador to the U.S. wouldn’t rule out the possibility of the Asian nation scaling back purchases of Treasuries in response to tariffs imposed by President Donald Trump. https://www.bloomberg.com/news/articles/2018-03-23/china-s-ambassador-doesn-t-rule-out-reducing-treasury-purchases “We are looking at all options,” Ambassador Cui Tiankai told Bloomberg Television, when asked whether China would consider reduced purchases of U.S. Treasuries. “That’s why we believe any unilateral and protectionist move would hurt everybody, including the United States itself. It would certainly hurt the daily life of American middle-class people, and the American companies, and the financial markets.”
      China is America’s biggest foreign creditor. It held $1.17 trillion in Treasuries as of January, or about 19 percent of all foreign holdings of U.S. government securities.

  2. Hey Buddy says:

    “President Donald Trump’s “America First” policy means the dollar will have to weaken, according to Deutsche Bank AG.
    The administration’s “irreconcilable” goals of cutting trade imbalances while funding a large fiscal stimulus program pose the biggest challenge to the international monetary system since the breakdown of the Bretton Woods agreement in the 1970s, George Saravelos, global co-head of FX research at Deutsche Bank, wrote in a note. The only way to resolve these conflicting objectives is via a weaker dollar, he said.
    That’s because the U.S. will probably struggle to attract sufficient foreign capital to fund its twin deficits, and that lack of appetite will likely translate to more currency weakness, he said.” (Bloomberg 4/11/18) https://www.bloomberg.com/news/articles/2018-04-09/trump-s-america-first-puts-the-dollar-last-deutsche-bank-says

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