President Donald Trump

MAD about Sino-American trade

SINGAPORE (Oct 1): Now that US President Donald Trump has imposed a 10% tariff on yet another US$200 billion ($272.8 billion) worth of Chinese imports, the US-China trade war has entered a costly new phase. As China follows through on its pledge to retaliate, the casualties will include more than half the bilateral trade between the two countries, with China itself suffering the most losses.

Fed raises rates and says more coming, brushing off Trump jabs

(Sept 27): Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump.

“We are doing great as a country,” Trump said Wednesday at a press conference in New York. “Unfortunately they just raised interest rates a little bit because we are doing so well. I am not happy about that.”

“Basically, I’m a low-interest-rate person,” Trump said.

Trump's policies will displace the US dollar

SINGAPORE (Sept 10): Back in 1965, Valéry Giscard d’Estaing, then France’s Minister of Finance, famously called the benefits that the US reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege”. The benefits are diminishing with the rise of the euro and China’s renminbi as competing reserve currencies. And now, US President Donald Trump’s misguided trade wars and anti-Iran sanctions will accelerate the move away from the dollar.

Trump to back US$200 bil China tariffs as early as next week, sources say

WASHINGTON (Aug 31): President Donald Trump wants to move ahead with a plan to impose tariffs on US$200 billion ($273.5 billion) in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter.

Companies and members of the public have until Sept 6 to submit comments on the proposed duties, which cover everything from selfie sticks to semiconductors.

Good and bad on trade

(Aug 29): Fears of a global trade war, led by America, have diminished. The issue is compressing into a conflict between China and the US, perhaps reflecting growing superpower rivalry as much as pure economic tension. China is already taking steps to offset the impact.

A couple of months ago there was the risk of a trade war on three fronts: NAFTA, the EU (or automobiles) and China. The first two of these seem to have reached a truce.

How is the world economy faring amid US-China trade tensions?

SINGAPORE (Aug 28): Although near-term activity indicators remain stable, global growth appears to be losing momentum in 2018, compared to 2017 when major regions were accelerating.

Currently, Asia and Europe appear to be slowing, diverging from the US, which is still experiencing strong growth.

In a Schroders TalkingPoint report, chief economist and strategist Keith Wade sees three main factors as contributing to what seems to be a summer hiatus and whether these are likely to have a permanent or temporary effect.

1. Cooling China

Turkey-led emerging markets rout won't end as well as the Asian financial crisis

SINGAPORE (Aug 20): It has been a dramatic week for emerging markets — in particular, Turkey. And, while the unfolding carnage has parallels with what happened in Southeast Asia almost exactly 20 years ago, I cannot help thinking that things will not turn out quite so well this time around.

As the US and China edge towards trade war, will cooler heads prevail?

SINGAPORE (July 30): Amid rumblings of a potential full-blown trade war, it is important to understand why the current US administration has opted for this path, which in some states in the country is seen as politically attractive. 

Fools rush in, everyone fears to trade

SINGAPORE (July 30): When is a trade war not a trade war? When it’s a trade battle. Or a trade spat. Some have even called it a trade tiff, which makes it sound no more serious than a domestic disagreement, like a couple arguing over whose turn it is to do the dishes. 

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Trump's trade tantrum disrupts many sectors

SINGAPORE (July 9): US President Donald Trump will travel to Brussels on July 11 and 12 for a North Atlantic Treaty Organization summit. The members of NATO include six of the seven countries that comprise the G7. The last time he met with his European allies and Canada, Trump unleashed a Twitter storm and exacerbated a trade war. On July 1, the European Union indicated it may impose tariffs on US$300 billion ($410.4 billion) worth of US auto and auto parts, in retaliation to the US threat to levy a 25% tariff on EU imports.

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