Europe’s Trade Victory in Washington
https://www.project-syndicate.org/commentary/juncker-outmaneuvers-trump-in-trade-deal-by-simon-johnson-2018-07
Related:
https://www.independent.co.uk/news/world/americas/us-politics/trump-juncker-trade-us-eu-trade-tariffs-white-house-meeting-flashcards-a8467051.html
The US is at Risk of Losing a Trade War with
China
Nobel Prize winning economist Joseph Stiglitz notes:
“Beyond the true,
but by now platitudinous, assertion that everyone will lose, what can we say
about the possible outcomes of Trump’s trade war? First, macroeconomics always
prevails: if the United States’ domestic investment continues to exceed its
savings, it will have to import capital and have a large trade deficit. Worse,
because of the tax cuts enacted at the end of last year, the US fiscal deficit
is reaching new records – recently projected to exceed $1 trillion by 2020 –
which means that the trade deficit almost surely will increase, whatever the
outcome of the trade war. The only way that won’t happen is if Trump leads the
US into a recession, with incomes declining so much that investment and imports
plummet.”
Trump’s Tech Tariffs Are Awesome, for
Southeast Asia
https://www.bloomberg.com/view/articles/2018-07-30/trump-s-tech-tariffs-are-awesome-for-southeast-asia
https://www.bloomberg.com/view/articles/2018-07-30/trump-s-tech-tariffs-are-awesome-for-southeast-asia